Ripple, a major player in the cryptocurrency industry, and its Mexican partner Bitso have achieved success in their mission of delivering real-world utility across the Mexico and US corridor. According to a recent report, Bitso was able to transfer $3.3 billion between the two countries in 2022 alone. This has been made possible by utilizing Ripple's innovative Crypt for Business services.

The close cooperation between Ripple and Bitso has been of great benefit for both companies. Bitso has seen impressive growth, with a 73% increase in its user base in just one year. During this time, XRP has also become a large part of Bitso's trading volume, overtaking Bitcoin and Ethereum combined.

Monica Long, Ripple's president, and Aaron Sears, Ripple's founding managing director, have both commented on the success of the partnership. According to Long, this is a demonstration of Ripple's real-world utility and growing usage across corridors that normally see tens of billions of dollar payments every year. Similarly, Sears remarked how Ripple is honored by Bitso's success in the region, and the two companies are seeking greater collaboration to connect businesses and users in Latin America.

The partnership between Ripple and Bitso is proving to be a success, as it opens up multiple opportunities for the crypto industry in the Latin American region. Bitso is leading the charge in guiding its users towards real-world application XRP as well as consolidating Ripple's foothold in the regional crypto space. This is a sign of everything that can be achieved when innovative companies come together and strive for betterment of the industry as whole.



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