Mexican Remittances Are the Continent’s Largest; Crypto Companies Want a Cut

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

In 2021, Mexico was the third-largest recipient of remittances worldwide after China and India. Crypto companies such as coinbase and bitso do not want to miss the opportunity. dandiba reports PaymentsWeek, presented by circlepay.

, which is pegged to the U.S. dollar, for faster and cheaper transactions between Mexico and the U.S.from the Universidad Iberoamericana de Puebla, Mexican immigrants in the U.S. are wary of using cryptocurrencies to send money back to their homeland because “they change their worth every day.” That’s where stablecoins become handy because they help recipients hedge against any devaluation of their local currency.

Tribal’s Elkasstawi said the reason why stablecoins have not been massively adopted for remittances is that users still depend on actual cash to spend the money they receive. This is especially true in Mexico, whereacross 37,000 establishments in the country. These include the 20,000 branches of Oxxo, the country’s largest convenience store chain, as well as other supermarkets and department stores.

Coinbase’s cash-out product seems to compete directly with Western Union in terms of accessibility. The company has created an app that allows collecting or sending money transfers from Oxxo stores. Western Union fees range between $8 to $37.Users seem eager to ditch traditional remittance services and adopt crypto to get their money from abroad. “With long lines and plenty of ID requirements, it seemed like a crime to get U.S.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

coinbase Bitso dandiba circlepay Better add $UST then

coinbase Bitso dandiba circlepay Are you Ready? I will tell you the hamstercoin 2022 roadmap🐹 Hamsterswap🔄 Hamster Ecosystem♻️ Big Exchange Entry✅ Hamster NFT🎭 Hamster Metaverse💎 Major Exchange Entry👑 HamsterWallet💰

coinbase Bitso dandiba circlepay We are breaking new ground as the first and only in the world with our Metaverse and web 3.0 compatible game ALPHA VERSE. versefloki flokiverse bsc nft

coinbase Bitso dandiba circlepay Some of the reasons for you to take part in the Flokiverse family, our metaverse and web 3.0 compatible game project,Nft market,Play to Earnn platform bsc nft flokiverse versefloki

coinbase Bitso dandiba circlepay If you want to be rich, you have to be in the right place at the right time. With flokiverse, you can make a start on your way to becoming rich. flokiverse bsc nft versefloki

coinbase Bitso dandiba circlepay The future will be shaped by the metaverse. If you want to start this new world with an advantage, take your place with Flokiverse. bsc nft flokiverse versefloki

coinbase Bitso dandiba circlepay Some of the reasons for you to take part in the Flokiverse family, our metaverse and web 3.0 compatible game project,Nft market,Play to Earnn platform bsc nft versefloki flokiverse

coinbase Bitso dandiba circlepay Think of a project that has taken the biggest share in the metaverse world and has proven itself with both its investor and player. This project is not a dream, its real name is FLOKIVERSE. bsc nft flokiverse versefloki

coinbase Bitso dandiba circlepay Can excitement, tension, action be all in one game? yes it's coming. Get ready for the biggest game project ever. ALPHAVERSE will be at your fingertips in May versefloki flokiverse bsc nft

coinbase Bitso dandiba circlepay We are breaking new ground as the first and only in the world with our Metaverse and web 3.0 compatible game ALPHA VERSE. bsc nft versefloki flokiverse

coinbase Bitso dandiba circlepay You must cross paths with Floki Verse to change your home, your car and your life. flokiverse is changing your lifestyle. flokiverse versefloki bsc nft

coinbase Bitso dandiba circlepay Flokiverse is coming to create the biggest change in your life. Are we ready, don't be late flokiverse bsc nft versefloki

coinbase Bitso dandiba circlepay Some of the reasons for you to take part in the Flokiverse family, our metaverse and web 3.0 compatible game project,Nft market,Play to Earnn platform versefloki flokiverse bsc nft

coinbase Bitso dandiba circlepay We are breaking new ground as the first and only in the world with our Metaverse and web 3.0 compatible game ALPHA VERSE. versefloki flokiverse bsc nft

coinbase Bitso dandiba circlepay If you want to be rich, you have to be in the right place at the right time. With flokiverse, you can make a start on your way to becoming rich. versefloki flokiverse bsc nft

coinbase Bitso dandiba circlepay If you want to be rich, you have to be in the right place at the right time. With flokiverse, you can make a start on your way to becoming rich. flokiverse versefloki bsc nft

coinbase Bitso dandiba circlepay The future will be shaped by the metaverse. If you want to start this new world with an advantage, take your place with Flokiverse. versefloki bsc nft flokiverse

coinbase Bitso dandiba circlepay The future will be shaped by the metaverse. If you want to start this new world with an advantage, take your place with Flokiverse. flokiverse bsc nft versefloki

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 291. in RU

Россия Последние новости, Россия Последние новости