2 years ago
Bitso, a starring Latin American crypto exchange, has integrated crypto outgo specializer Stellar's Anchor Network to grow the payments corridor betwixt Latin America and the remainder of the world.
The institution said successful a connection that it developed a solution successful concern with the Stellar Development Foundation to alteration businesses astir the satellite to transact successful USDC to Argentina, Colombia and Mexico, wherever Bitso has a nonstop transportation to section banking systems.
“In caller years, we person seen an summation successful cross-border payments globally for some planetary commerce and remittances. By leveraging blockchain exertion and crypto assets, we tin importantly amended colony times and wide costs,” Santiago Alvarado, SVP of Institutional Product astatine Bitso, said successful the statement.
Bitso said it processed $3.3 cardinal successful transactions betwixt Mexico and the U.S., portion it registered a 32% summation successful full planetary transfers during the 2nd fractional of 2022.
Edited by Aoyon Ashraf.
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