PANews reported on May 21 that according to CoinDesk, Guatemala's largest bank, Banco Industrial, announced the integration of the blockchain payment protocol SukuPay to process cross-border remittances from the United States to Guatemala through the USDC stablecoin. Users only need to enter their phone number in the mobile banking app Zigi to receive funds, and the single transaction fee is fixed at US$0.99. SukuPay is developed based on the Polygon network and will be launched in April 2024. It can complete cross-border transfers without users creating a crypto wallet. This is the first time that a large retail bank in Latin America has deeply integrated a native crypto payment protocol.
Guatemala's largest bank uses stablecoin to process U.S. remittances
Share to:
Author: PA一线
This content is provided for informational purposes only and does not constitute investment advice.
Follow PANews official accounts, let's navigate bull and bear markets together
Recommended Reading
PA一线4 hour agoPA一线7 hour agoPA一线7 hour agoPA一线7 hour ago
PAData: Web3 in Data
Data analysis and visualization reporting of industry hot spots
AI Agent: The Journey to Web3 Intelligence
The AI Agen innovation wave is sweeping the world. How will it take root in Web3? Let’s embark on this intelligent journey together
Pioneer's View: Crypto Celebrity Interviews
Exclusive interviews with crypto celebrities, sharing unique observations and insights
Memecoin Supercycle: The hype around attention tokenization
From joke culture to the trillion-dollar race, Memecoin has become an integral part of the crypto market. In this Memecoin super cycle, how can we seize the opportunity?
Real-time tracking of Bybit attack
Bybit suffered a security incident, and funds worth $1.44 billion were withdrawn. A North Korean hacker group was accused of being the perpetrator.