COMPARISON
March 3, 2026
6 min read
DolarApp rebranded to Arq Finance. They're chasing neobanking now. If you need cash pesos in Colombia, here's why that matters to you — and what your real options are.
Criptolalia
Parent Company, Executive Team
Tracking fintech moves across Latin America from DolarPeso's parent company
If you used DolarApp to move money between the US and Latin America, you probably noticed things changed. The app rebranded to Arq Finance in late 2025. New name, new direction.
Arq Finance is building a neobank. Multi-currency accounts, virtual cards, cross-border transfers — the full digital banking play. They're going after the same market as Wise, Revolut, and Nubank.
That's fine if you want another banking app on your phone. But if you're standing in Medellín and you need cash pesos in your hand, Arq Finance doesn't solve that problem for you.
Here's the honest breakdown. No spin.
Feature | DolarApp / Arq Finance | DolarPeso
Cash pickup in Colombia | No | Yes — partner locations in Medellín
Digital wallet | Yes | Yes — USDC supported
Virtual debit card | Yes | No
Exchange USD to COP | Yes — digital only | Yes — cash or digital
USDC to cash pesos | No | Yes — 15-30 min pickup
Partner network on the ground | No | Yes — verified locations
Works for tourists without local bank | Partial | Yes — built for this
Neobanking features | Yes — their focus | No — focused on exchange
Bilingual support (EN/ES) | Yes | Yes
Available in Colombia | Limited | Yes — Medellín focus
You want a multi-currency digital wallet. You need a virtual card to make online purchases in different currencies. You're doing cross-border transfers and you want everything in one app. You're comfortable keeping your money digital.
Arq Finance makes sense if you live between countries and want a banking-lite product. It's a solid tool for people who don't need physical cash.
You're in Medellín and you need pesos in your pocket. You have USDC or dollars and you want to exchange them at a competitive rate and pick up cash. You're a tourist who doesn't have a Colombian bank account. You want to skip the airport exchange rip-off. You need money in your hand, not on a screen.
DolarPeso exists because 77% of transactions in Colombia still happen in cash. Digital-only doesn't cut it when your landlord, your barber, and the arepa guy all want pesos.
You exchange online, you pick up at a verified partner location. That's it. No Colombian bank account needed. No waiting days for a transfer.
The exchange booth wants to charge you 12% above market rate. You need cash for the taxi, for your first meal, for tips. DolarPeso lets you exchange before you land and pick up pesos on your way into the city. Arq Finance gives you a digital balance — but the taxi driver wants bills.
Your clients pay you in USDC. You need some of it in pesos for rent, food, and daily life. DolarPeso converts your USDC to cash pesos you can pick up in 15-30 minutes. Arq Finance can hold your USDC digitally, but you'll still need another way to get cash.
Your family in Medellín needs cash, not a digital balance. With DolarPeso, they pick up pesos at a partner location. With Arq Finance, they'd need to receive digitally and then figure out how to withdraw — which means finding an ATM and paying fees.
Both work here. Arq Finance gives you a multi-currency wallet. DolarPeso lets you hold USDC. Either way, you're protecting yourself from peso devaluation. This one's a tie.
DolarApp became Arq Finance because they want to be a bank. That's a different business than getting you cash pesos on the ground in Colombia.
If you need a neobank, use Arq Finance. If you need cash pesos in Medellín, use DolarPeso. Some people will use both — and that's smart.
There's no rivalry here. They're solving different problems. Know what you need, and pick the tool that does it.
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Exchange USD or USDC and pick up Colombian pesos at a verified partner location. No Colombian bank account needed.