Ripple partner Bitso connects the two Americas via a new crypto remittances solution xrparmy xrpsec xrparmy xrpcommunity $xrp
a partnership with Africhange, an African-Canadian payment system that specializes in remittances. The partnership should help facilitate and optimize money transfers between Canada and Mexico, where Bitso is based, using crypto technologies.
The cooperation between the two companies emerged as a result of the trend of Mexicans moving to the North American country. According to the source, the number of incoming remittances from Canada to Mexico is more than $140 million. The partnership should significantly reduce costs for end senders and simplify the overall transaction chain.
Africhange executives said it did not take long to choose a new partner in the region, which makes sense given Bitso's expertise in cross-border payments, not least because of its close cooperation with Ripple.This seems to be another example of a very harmonious cooperation. Africhange, which already has a turnover of $70 million in remittances from Nigeria to Canada, is entering a new market on the new continent.
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