Felix and Zero Hash bring faster remittance options for US Latinos

By integrating with WhatsApp and utilising stablecoins like USD Coin (USDC), the collaboration offers quicker and cost-effective international money transfers, bypassing the high fees and delays of traditional services.

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Cross-border payments platform Felix has partnered with Zero Hash, a crypto infrastructure provider, to streamline remittances for the 60 million Latinos residing in the US. By integrating with WhatsApp, Felix allows users to send funds instantly, with Zero Hash managing regulatory and technical aspects via stablecoins like USD Coin (USDC) to facilitate transfers. This approach helps users avoid the high fees and delays often associated with traditional money transfer services.

Each year, US-based Latinos send an estimated $150 billion abroad, and Felix’s service offers a quicker, more affordable alternative to standard remittance options. Zero Hash oversees the process by converting dollars to USDC, which recipients can easily exchange into local currency, providing a seamless and familiar experience for those sending funds to their families.

Since its launch, Felix has seen rapid growth, increasing its transaction volume by 500 times. Zero Hash, which supports major platforms and has processed over $20 billion in transactions, aims to make blockchain technology effective behind the scenes, fostering crypto adoption through accessible, real-world applications.