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 121 days ago
 Source: contxto.com

Crypto-remittances are rising, says Mexico’s Bitso

Quick Summary

This post is also available in: Español (Spanish)Contxto – Mexican crypto-exchange Bitso recently reported that remittance rates through cryptocurrencies are on the rise. The benefits of crypto-remittancesThe rising trend of crypto reliance comes from the desire to keep money as intact as possible when wiring it from one place to another. All this greatly distorts the budgeting plans of those sending money and their families who receive it. Take note, the rising trend for crypto in remittances can be observed not only in Mexico but in other countries like Venezuela as well. Plus, it’s reassuring to know that startups like Bitso are complying with Mexico’s latest fintech law.

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