Cryptobuyer is a crypto asset company that allows for integrating digital or cryptocurrencies in daily life by enabling digital payment methods. According to the project’s website, the protocol intends to enable such payment by exchanging digital coins and offering multiple financial services in the same place with security and privacy. Cryptobuyer claims to be the first company to install a crypto ATM. The company aims to build a worldwide network by working with manufacturing partners and e-commerce leaders to be an influential player in the decentralized finance (Defi) ecosystem.

According to its whitepaper, one of the significant challenges for digital currency is its acceptance by society. This is because of the lack of acceptable payment methods for cryptocurrencies. Also, the complexities of cryptocurrencies result in a lack of usage of cryptocurrencies to their full potential. Another problem with cryptocurrencies is the lack of use cases. Therefore, crypto buyers aim to bridge the traditional and digital market gap by making digital currencies available to everyone quickly and in a simplified manner.

The project provides for BTM. BTM is hardware used for purchasing digital currencies. A user can complete his/her purchase in three steps by depositing traditional currency in BTM. Such currency is then deposited in the user’s wallet, and then the user can purchase the cryptocurrency they wish for. Point of Sale (POS) is another software that fulfills the specific requirement of businesses and customers. The solution works with a QR code reading technology currently accessible for any device. The POS solution offers a convenient system that automatically converts cryptocurrency payment to fiat currency, eliminating merchants’ fear. The project further provides a web platform and mobile application to keep a check on user profiles.

XPT is the native token of the Cryptobuyer project. XPT is based on the ERC20 token standard. The token is used for purchases, exchanges, payment gateways, developers, etc. The users can benefit from using the token to obtain a discount on operations and transactions carried throughout the Cryptobuyer ecosystem.

The Cryptobuyer company was founded in 2015. The whitepaper was released in 2019. The team behind the project includes Jorge Farias (CEO), Ruben Colina (CTO), and Angel Graterol (CIO).