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

In November Bitso also partnered with Circle, a peer-to-peer payments company, to launch a new international wire transfer product called Bitso Shift. It’s designed for small businesses and freelancers, allowing them to change their dollars into stablecoins, send them to Mexico and be collected in Mexican pesos. The service charges $12 for every $1,000 sent, and no fee for collecting.