XDC Network and Bitso Business have partnered to revolutionize cross-border remittances between the United States and Mexico by launching a blockchain-powered payment system. Designed for speed, cost-efficiency, and security, the new solution addresses a massive market—$63 billion in remittances flowing into Mexico and $70 billion outbound from the U.S.
Leveraging XDC Network’s ISO 20022-compliant blockchain and Bitso’s deep liquidity infrastructure in Latin America, the initiative enables near-instant settlement of USD-MXN transactions and seamless multi-currency support. It also offers easy integration for SMEs and fintechs, promoting broader adoption.
Amitava Mandal of XDC Network called the move “a major leap” toward embedding blockchain in everyday financial operations. The partnership focuses on real-world impact by fostering financial inclusion, tokenized money transfers, and cross-platform interoperability across the region.
With this alliance, XDC and Bitso aim to set a new standard for how cross-border payments can function—faster, cheaper, and more accessible for all.
Source: https://news.bitcoin.com/
