Mexico City, Mexico , May 29, 2025 (GLOBE NEWSWIRE) — With over $63 billion in inbound remittances, Mexico ranks second globally, while the United States leads the world in outbound remittance volume, exceeding $70 billion annually. This corridor is essential for millions of individuals and SMEs across the Americas, and XDC aims to modernize its financial infrastructure through blockchain.
This collaboration establishes a blockchain-based payment rail leveraging the XDC Network’s ISO 20022-compatible, ultra-efficient infrastructure and Bitso Business’ robust fiat on/off ramps across LATAM — helping businesses and individuals move value faster, more securely, and at a fraction of the cost of traditional channels.
Amitava Mandal, Ecosystem Development at XDC Network, commented:
“This partnership with Bitso Business marks a major leap toward our mission of bridging traditional finance with blockchain efficiency. Together, we’re delivering faster, fairer cross-border transfers that solve real-world challenges in global remittances and SME trade.”
Key Benefits of the Partnership:
• Low-Cost Remittances – Cross-border transfers settle in seconds with minimal fees, powered by the XDC blockchain.
• Multi-Currency Support – Instant USD ⇄ MXN conversion through Bitso’s LATAM liquidity rails.
• Enterprise Integration – Ideal for SMEs, fintechs, and institutions paying suppliers or employees abroad.
• Standards-Driven – Built on ISO 20022-compliant messaging, enabling future-proof compatibility with banks and regulated entities.
• Real-World Use Case – Aligns with XDC’s mission to drive meaningful adoption in high-impact, emerging markets.
With over a decade of experience, Bitso’s suite of enterprise-grade APIs and regulatory access across Latin America brings a powerful layer of regional interoperability to the XDC ecosystem. Combined with XDC’s hybrid blockchain and commitment to financial inclusion, this partnership sets a new benchmark for tokenized value transfer in real-world finance.
About XDC Network
The XDC Network is an enterprise-grade, EVM-compatible blockchain designed for tokenizing real-world assets (RWA), enabling trade finance digitization, and supporting ISO 20022-compatible cross-border settlement infrastructure. Built for institutional-grade scalability and compliance, it offers near-zero fees and fast finality.
XDC.Cash enables global crypto-to-fiat payments across 100+ countries.
Visit: http://www.xdc.org | http://www.xinfin.org | http://www.xdc.cash
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
