Click the camera icon below to open your camera. Present an issued MQR to your webcam for scanning. Once the MQR has been scanned and verified, you will be prompted to enter the amount of funds you wish to load and the method of payment.
Ayodo is a registered not-for-profit with a mandate to alleviate poverty by enhancing financial inclusion. One aspect of our non-profit Merchant centric e-payment and money transfer process is reliant upon the use of a block-chain to reduce costs and dependency on legacy financial products used in traditional banks and remittance services. We use a block-chain (DeFi) for near instantaneous Merchant Settlement. Ayodo ensures full regulatory compliance and practices risk mitigation on all our services, however, you should be aware that all crypto currencies can suffer value fluctuation. Price volatility is a reality of all market components from gold to water, and similarly to exchange rates on foreign currencies (FX rates) this volatility is beyond the control of any one party.
In essence when you are sending money to a loved one, the purpose of loading a MQR account, you are purchasing a crypto currency which means that the funds you tender to load a MQR are being instantly transformed into cryptos, stored temporarily by Ayodo prior to being routed to the merchant at which the MQR is spent in local currency. Your recipient
can and should
spend the balance as soon as possible. Ayodo monitors, sets and publishes internal crypto exchange rates (CX rates) by pegging your purchase to your desired currency. Nevertheless we strongly recommend that you load only funds required by your recipient in the near immediate future and that you do not attempt, nor intend that your recipient, stores the loaded value for a time determinant. That is we recommend you only load amounts of currency needed and that your recipient spends or cashes out such funds to a balance of zero as soon as is conveniently possible. You can of course load additional funds at any future time to the same MQR and/or the recipient owner of the MQR account may choose to simply dispose of the spent MQR and apply for and have generated a new MQR at any time without fee to such an extent that MQRs may be considered a one-time-use product. Another reason to spend or cash-out immediately, is the recipient needs take care not to loose or have his or her MQR stolen as once loaded it is equivalent to cash. Take comfort that Ayodo will never intentionally set CR rates to profit from crypto-appreciation and any earnings due to the appreciation of the crypto asset between when you purchase it, and when your recipient spends it, will be normally used to offset any losses due to crypto-depreciation suffered by Ayodo on other transactions and used to grow and further enhance our not-for-profit money transfer services. Please click the
box to show your acceptance of Ayodo's terms and conditions and to acknowledge there may exist a spread between your purchase price and the sale price of the crypto asset being used by Ayodo to effect your transfer. Ayodo cannot control or guarantee the net fiat value being transferred nor can we control the loss of a MQR by your recipient once funded.
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