Tuesday, December 5, 2023

Crypto IRL: Crypto Remittance Despatched by way of WhatsApp | by Blockchain.com | @blockchain | Mar, 2023

Our Crypto IRL collection showcases people who’re main the cost within the crypto revolution through the use of cryptocurrency in actual life to drive monetary inclusivity, enterprise, and innovation.

We’re excited to share a latest dialog we had with Bernardo Garcia, Co-Founding father of Félix Pago, the world’s first chat-bot on WhatsApp that permits Latino immigrants within the US to ship remittances overseas.

Félix Pago leverages blockchain and AI to make remittances as easy and quick as sending a message.

Félix Pago serves onerous working international born Latino immigrants that dwell within the US and supply assist to their members of the family that stayed of their residence nation. We leverage blockchain and AI to make remittances as easy and quick as sending a WhatsApp message.

Félix was constructed to satisfy Latino’s the place they’re, on WhatsApp, and to assist them save money and time once they handle their family members.

Félix leverages secure cash to get the client’s funds from the US to Mexico.

First, the client sees a assured trade fee of USD/MXN within the Félix chat. As soon as they pay, Félix takes the funds, converts them into secure cash, after which executes the required trades in crypto to get the Mexican pesos within the arms of the client’s beneficiary in actual time.

The principle advantages of utilizing crypto are the pace of the transactions and the low prices.

Doing a cross-border transaction by way of conventional rails, like swift, takes days and may be very costly, which makes it inefficient.

We consider that the way forward for crypto is when it powers our each day lives and we don’t even discover it! That’s what Félix is all about.

Ultimately, what issues to us and our clients is that the funds get from A to B in actual time on the lowest potential value.

Do you might have an instance to share of how cryptocurrency is getting used IRL? Tweet us! @blockchain

This data is offered for informational functions solely and isn’t supposed to substitute for acquiring accounting, tax or monetary recommendation from knowledgeable advisor. The views, data, or opinions expressed in the course of the Crypto IRL collection are solely these of the people concerned and don’t essentially symbolize these of Blockchain.com and its workers.

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