CandleFocus XLM Leads the Way: Stellar and USDC Power Faster Remittances for U.S. Latinos
2024-12-01
Author: Content Editor
The collaboration between Félix, Bitso, and the Stellar network is revolutionizing cross-border remittances for U.S.-based Latino immigrants. Through the use of blockchain technology and the USDC stablecoin, the partnership offers faster, cheaper, and safer ways to send money to Latin America. The traditional methods of remittances are slow and costly, but Félix and Bitso have made the process easier by integrating WhatsApp-based payments and AI technology. Transactions are completed in seconds and at a low cost compared to conventional methods. Bitso's position as an anchor on the Stellar network facilitates the process by allowing quick conversions between USDC and fiat currencies. The services are currently available in Mexico and Colombia but will expand throughout the Latin American region. Additionally, market analysts are bullish on Stellar's future prospects, with the cryptocurrency potentially experiencing a large breakout and a significant increase in price.
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