This phenomenon has occurred in previous crises, such as the 2008 financial crisis, which plunged the Mexican economy into turmoil. In times like this, Mexican institutions and investors usually tend to seek refuge in the greenback, which typically has a higher buying power.
Cointelegraph caught up with Structure.fi president and co-founder Bryan Hernandez to discuss the impact of these factors on the Mexican remittance market. His company operates a mobile trading platform that gives investors exposure to traditional and crypto financial markets: Moreover, they are able to serve the unbanked. As things stand, over 50% of Mexicans lack a bank account. This makes crypto remittance solutions convenient for citizens in this demographic, as all that’s needed to receive funds is a crypto wallet address.
“The clear advantage of digital currencies is what is paving the way for their broad-based adoption in the country and the Latin American world as a whole,” he said, adding:
EverestDotOrg $ID Ctrl+F: Everest (1 result) Ctrl+F: Bitso (4 results) The means to Remit to Mexico from USD to Pesos will be faster and cheaper.
EverestDotOrg and Bitso already are. $ID
Mexico's expats can send remittances to their families instantly - without any fee AT ALL - using Nano $XNO green digital hardmoney. No fees No hassle No latency No monetary inflation No electricity of an entire country for only 3 people per second See
happy I have fiinnally founnd thiis
Remittance is one of the best uses of crypto.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: TheBlock__ - 🏆 464. / 53 Read more »