NEW YORK—The competition for remittances keeps getting tougher.
The latest to up its game is The Bitcoin Co. which has introduced a new Remittances API that allows individuals and financial institutions to send instant payments to any bank account in Mexico and Brazil in under one second, Bitcoin Magazine reported.
The Bitcoin Company's Remittance API offers a “cost-effective” alternative to traditional banking rails like SWIFT, reducing international remittance costs significantly. The API communicates with local payment networks in Mexico (SPEI) and Brazil (Pix), Bitcoin Magazine stated..
“This API marks the company's expansion into international remittances, with plans to extend services to the USA, Canada, Europe, Asia, and Africa soon,” according to the company.
‘Key Milestone’
“Disrupting the remittance market is a key milestone in our roadmap to provide easy to use Bitcoin-native financial services and has always been a compelling application for the Bitcoin network," said Ben Price, founder and CEO of The Bitcoin Company. "With Bitcoin, payments can be cheap, instant, inclusive, and global."
Now With Free Shipping! The CUToday.info Daily News Email Keeps Getting Better!
The biggest, best and freshest news reporting in credit unions remains free, and now has an added bonus---free shipping to your email address! That’s right. Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?