The Block: Using XRP, Bitso captured a slice of the U.S.-Mexico remittance market in 2019. It’s eyeing much more in 2020
Quick Take
In 2019, cryptocurrency exchange Bitso processed 2.34% of the $686 million in weekly remittances from foreign countries to Mexico with XRP
Bitso said it has been experiencing notable growth recently since it partnered with Ripple
In 2018 and 2019, remittances from the U.S. contributed the highest foreign currency inflows to Mexico, more than foreign investments and tourism.
Additional Info
- Read full article on: The Block
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.