Bitso and Circle work on crypto payments between Mexico and US

Bitso and Circle work on crypto payments between Mexico and US


Bitso, a major Latin American cryptocurrency exchange, is collaborating with the USD Coin (USDC) stablecoin operator Circle to launch a new cross-border payment tool between Mexico and the United States.

The company announced on Thursday that the integration with payment solutions from Circle aims to provide Mexican people with a new option to send and receive payments to or from the U.S.

Called Bitso Shift, the new tool uses cryptocurrency to enable low-cost and instant cross-border payments available 24/7, allowing users to instantly exchange between Mexican pesos and the United States dollar (USD)-backed stablecoins.

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The new offering intends to unlock easier and more affordable access to the USD for individuals in Mexico, also aiming to increase the transparency of USD transactions in the country.

According to the U.S. Department

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