• Félix and Bitso have partnered to create a stellar remittance solution for U.S.-based Latinos.
• The solution combines AI and blockchain technology to make sending remittances on Félix as easy and safe as possible.
• Stellar highlights a couple of challenges that traditional remittance solutions pose, such as hefty processing fees, distance traveled to send or receive remittance and safety concerns from holding physical cash.
Fintech and crypto payment platforms are on the rise, as they attempt to solve the problems of cross-border payments. One such platform is Félix, a Whatsapp-based payments platform that enables U.S.-based Latinos to send money back to their relatives in Latin America. Félix has partnered with Bitso, the largest crypto platform in Latin America, to create a stellar remittance solution, powered by Stellar, a finance blockchain-based solution platform.
The solution combines AI and blockchain technology to make sending remittances on Félix as easy and safe as possible. With Félix, users can send money back home in a matter of seconds, without having to travel in person or pay hefty transaction fees. Additionally, Félix eliminates the concern of having to send or receive remittances in physical cash, which can present safety issues.
Stellar highlights a couple of challenges that traditional remittance solutions pose. These include hefty processing fees, distance traveled to send or receive remittance and safety concerns from holding physical cash. With the combination of AI and blockchain technology, Félix and Bitso have created a solution that eliminates these problems and makes sending remittances as easy and secure as possible.
The founders of Félix are dedicated to making cross-border payments easier and safer for Latino immigrants based in the U.S. Thanks to their efforts, U.S.-based Latinos can now send money back home without any hassle. This is a major step forward in the world of cross-border payments, and the Félix and Bitso partnership will undoubtedly make it easier for millions of people to send money home.