Tulkit Pay is a digital wallet that utilizes blockchain technology to facilitate the buying, selling, and spending of cryptocurrencies like Bitcoin and Ethereum in Peru. The platform addresses the need for secure and straightforward cryptocurrency transactions by offering a Mastercard that allows users to pay in either local currency or crypto, with no hidden fees.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals in Peru lack convenient access to cryptocurrency, hindering their ability to participate in the digital economy. Traditional cryptocurrency exchanges can be complex and inaccessible, creating a barrier for everyday users seeking to buy, sell, or spend digital currencies.
Solution
Tulkit Pay offers a user-friendly digital wallet and prepaid Mastercard that simplifies cryptocurrency transactions for users in Peru. The platform enables users to buy, sell, and manage cryptocurrencies like Bitcoin, Ethereum, and USDT, all within a secure mobile app. Users can convert cryptocurrencies to local currency (soles) and spend them anywhere Mastercard is accepted, both online and in physical stores. The Tulkit Pay card also offers cashback rewards in Bitcoin on purchases, providing an incentive for users to engage with the platform.
Target Audience
The primary target audience includes individuals in Peru who are interested in using cryptocurrency for everyday transactions, as well as those seeking a convenient and secure way to manage their digital assets.
Features
- Multi-currency digital wallet supporting Bitcoin, Ethereum, USDT, and Peruvian Soles
- Prepaid Mastercard for seamless spending of cryptocurrency and soles
- Instant conversion of cryptocurrency to local currency for everyday transactions
- Cashback rewards in Bitcoin on all card purchases
- Secure platform with encryption and offline asset custody
- Ability to send, receive, and exchange cryptocurrencies with other users
- Integration with Yape, Plin, and Peruvian banks for easy transfers
- QR code payments for transactions up to S/ 5,000
- Virtual card for online purchases and physical card with contactless technology
- Card management features including blocking/unblocking, spending limits, and PIN changes