Be very careful when using payment apps 💱💸 that are proliferating.
I will describe in 3 points what I consider needs to be taken into account before starting to use these apps like Apolo, Meru, Kontigo, etc., and that new ones appear every day:
1. The people and financial instruments behind these apps are somehow related to the government of Venezuela (for a reason they are allowed) and are therefore under the watch of governments like that of the USA for money laundering, etc. If you have your international account, take care of it, do not put it at risk by using these platforms.
2. At the moment of funding, you are really "Not buying" the Crypto in question: $USDT $USDC , etc. You are simply credited an amount which will serve to pay other users of the app, with the promise that when you want to withdraw them from the platform, it will be paid. When you want to withdraw those cryptos is when things get interesting, the fees will devour you and be careful not to give rise to a collective fear (FUD) where everyone starts withdrawing their cryptos, because mysteriously it will remain in "temporary maintenance for withdrawals" and will not become active again, which will translate into a scam.
3. You are providing all your "KYC" information and granting access to all your financial instruments, -why?, they have all the necessary data to act on your behalf before any financial entity. Surely the apps won't do that, but if someone breaches the data stored on their servers, whether an employee, hackers, etc. They do not have a company that audits and certifies all processes regarding security, just the trust in the good work performed by the freelancers hired to program these Apps.
