– Latino immigrants in the US can now send money back home quickly and securely with Félix and Bitso’s Stellar Remittance Solution.
– The solution offers low processing fees and eliminates the need to travel and hold physical cash.
– AI and blockchain technology are used to make the process as easy and human as possible.
In a move that will revolutionize cross-border payments, Stellar, a finance blockchain-based solution platform, has recently announced a partnership with Félix and Bitso to offer a stellar remittance solution for U.S.-based Latinos. This solution will enable Latino immigrants in the US to send money back home quickly and securely.
Remittances are still largely a manual process. In order to send or receive a remittance, one had to travel in person, pay a hefty transaction fee, and send or receive their remittances in physical cash, which could present safety concerns. This process was time-consuming and expensive, and often left people feeling frustrated and helpless.
Félix, a Whatsapp-based payments platform, and Bitso, the largest crypto platform in Latin America, have come together to provide a solution to these issues. By combining AI and blockchain technology, they have created a remittance solution that is easy and human to use. This solution offers low processing fees and eliminates the need to travel and hold physical cash.
The founders of Félix and Bitso have seen the potential of their remittance solution and are certain that it will benefit the millions of people who rely on remittances. They are excited to make the process of sending money back home a much smoother and safer experience.
Overall, this partnership between Félix and Bitso will provide a much needed solution to the issues of cross-border payments. It will enable U.S.-based Latinos to send money back home quickly and securely, without having to worry about hefty processing fees, distance traveled, or safety concerns. The duo is confident that this solution will benefit the millions of people who rely on remittances and make the process of sending money back home a much smoother and safer experience.