Friday, July 19, 2024

Crypto IRL: Crypto Remittance Despatched through WhatsApp | by | @blockchain

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

We’re excited to share a current 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.

Hey Bernardo! Inform us a bit about Félix Pago

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

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

Superior. And the way does Félix Pago use crypto as a part of their operations?

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

First, the shopper sees a assured change charge 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 palms of the shopper’s beneficiary in actual time.

What have the advantages been to the enterprise since introducing crypto?

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

Doing a cross-border transaction through conventional rails, like swift, takes days and could be very costly, which makes it inefficient.

Lastly, what do you assume the way forward for crypto holds — in 2023 and past!

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

In the long run, what issues to us and our clients is that the funds get from A to B in actual time on the lowest potential price.

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

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