The service, Send Globally, will be available in Mexico starting June 14, according to a press release provided to CoinDesk. It runs on Lightning Network, a second layer payment system for the Bitcoin blockchain designed to provide cheaper and faster transactions than the base network. U.S. dollars sent across the border using the service can be received as pesos in the recipient’s bank account, the release states.
Related posts
-
Anixa Biosciences expands treasury strategy with Bitcoin
Cancer-focused biotech Anixa Biosciences announced plans to invest in Bitcoin to strengthen its financial strategy and... -
The Hunt for the Russian Trace: Chinese Banks Implement Stricter Compliance for Foreign Payments
Chinese banks have implemented additional compliance measures for payments... -
Stripe, Circle Bring USDC Stablecoin Services to Aptos to Boost Global Payments
“Adding support for the Aptos blockchain inside our crypto products broadens consumer and merchant access to...