Miranda’s Weekly Mex FinTech Monitor
August 21, 2023
Mexico FinTech News
Bitso launches cross-border payments
Bitso launched a service to carry out cross-border transactions using cryptocurrencies. Unlike other services of the firm, the service will be available to other FinTechs and companies that transfer internationally. The service will aim to compete with the widely used SWIFT system, which has been around for over 40 years. In initial trials, the company recorded over US $160 million in total transaction volume, of which 80% corresponded to movements between Mexico and the United States.
El Economista, 08/17/2023, Sebastián Estrada: Bitso apostará por los pagos internacionales
Klar secures US $100 million in debt from investment firm
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