In a strategic switch to overhaul US-Mexico Remittance Flows, XDC Network has joined forces with Bitso Business to implement a blockchain-based payment framework designed for fast, cheap and safe cross-border transactions. The Alliance uses the $ 63 billion incoming remittance market in Mexico and the outgoing volume of $ 70 billion from the US and uses XDCs ISO 20022-ready blockchain infrastructure and the Fiat liquidity access of Bitso in Latin America. According to the Amitava Mandal of XDC, the company represents “a big leap” in bringing blockchain -nut to regular financing. The system supports multi-currency exchanges (USD-MXN), controls transactions in seconds and integrates seamlessly with SMEs and FinTechs. The partnership emphasizes financial inclusion, interoperability and real impact by supporting tokenized transfers and business integration in Latin America.
Credit : cryptonews.net
