Reserving with Reserve

Mathias Dudamell
4 min readJun 25, 2021

Venezuela today is the perfect example of hyperinflation when we talk about it. Every day this situation drowns us more and more, making the anguish of not knowing what tomorrow will bring, creating emotional problems. Speaking for myself, the anxiety of not being able to save money, seeing my opportunities go away and even the fear of getting sick and not having money for medicines has always been huge as I had never known a means by which I felt comfortable saving money in a safe way. All this changed when a friend introduced me to @holareserve because until that moment I only knew about wallets where it was necessary a lot of process that for me is very exhausting to finally not be able to change Bolivars for Dollars and this application gave me the opportunity to do it in a very simple way.

Reserve is a company based in California, one of the many tools that have come out of this site and are here to stay. It was created with the purpose of combating hyperinflation in countries that were going through such a situation, giving users the opportunity to keep their savings in a stable currency that is not affected by devaluation, thus giving them the ability to have full control of their money. However, it doesn’t stop there, because even though it is a company, the project is focused on the humanitarian side.

Today the application is focused on Venezuela because it is the country with the highest inflation in the world today, but it is also available in countries such as Argentina, Colombia and Panama, being a tool that is beginning to position itself as an alternative option for many people who need to feel control of their money. In addition, within the app you can find various features and payment methods, giving the possibility to send money to US banks and also receive payments from Zelle, making your money you have within the application is reflected in dollars making the only person who owns control of your money is you and this balance is the representation in US dollars in different bank accounts, making them remain as digital assets that are issued by custodians who are required to comply with US regulations.

Within the already mentioned features we can find some attractive for many people, as you can also send your money to cryptocurrency wallets and send money to widely used digital platforms like Uphold, making the commission as minimal as possible or even non-existent for these processes, you can also send money to other Reserve users in a very fast way, so if you have a business and want to pay your employees in dollars and getting the cash is a problem, you can always use this option.

The only thing you need to start using the app is a smartphone that has android 5.0+, currently it is not available for iOS and it is expected to be soon, as simple as that, you don’t need foreign accounts or accounts in dollars. You can find it in PlayStore as Reserve.

Currently the process to enter the application is a little less simple because due to the fact that this is in its beta phase and that the whole month of March was open without restrictions, many users entered and customer service was affected. However, in recent weeks, it included the option to enter the application with invitations given to users with more money movement within the application, so if you have a friend with Reserve ask him if he has an invitation to give it to you.

From a more personal point of view I would like to say that Reserve has impressed me so far in the way it treats users. I haven’t seen Human Attention as good as I’ve gotten with these people before and since I’ve been in the Hola Ranger program I’ve learned a lot about improving myself as a person and becoming more open to new possibilities (even if many of them don’t work out). Sincerely since I am in the program I feel that I am doing something not only for my country but also for me because before I was not very interested in saving my money and how important this is because living in a country where it is totally impossible one doesn’t give the necessary importance and only lives day to day leaving your future aside and being in this world of Reserve has made me rethink many things in my life.

Anyway if you want to know more about how Reserve works don’t hesitate to text me to answer all the questions you have and if you have a business that wants to start accepting Reserve as a payment method you can also text me to make you enter the application without waiting for an invitation.

Finally I want to clarify that I highly recommend the application, there are many alternatives equal or better, but so far this is the one that has worked best for me.

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