In a strategic move to overhaul U.S.-Mexico remittance flows, $XDC Network has joined forces with Bitso Business to deploy a blockchain-based payment framework designed for rapid, low-cost, and secure cross-border transactions. Tapping into the $63 billion inbound remittance market in Mexico and the $70 billion outbound volume from the U.S., the alliance utilizes $XDC’s ISO 20022-ready blockchain infrastructure and Bitso’s fiat liquidity access throughout Latin America. According to $XDC’s Amitava Mandal, the venture represents “a major leap” in bringing blockchain utility to mainstream finance. The system supports multi-currency exchanges (USD-MXN), settles transactions in seconds, and seamlessly integrates with SMEs and fintechs. The partnership emphasizes financial inclusion, interoperability, and real-world impact by supporting tokenized transfers and enterprise integration across Latin America.
US-Mexico Transfers Accelerated by XDC-Bitso Blockchain Rail
news.bitcoin.com
31 May 2025 11:45, UTC