SukuPay’s crypto-native payment infrastructure is like, totally doing something groundbreaking in the Latin American banking scene, you guys. So, get this: they’re now powering cross-border remittances in Banco Industrial’s Zigi mobile app. And that’s a big deal because, well, Latin American banks aren’t usually quick to jump on the blockchain bandwagon, you know?
So, in a region first, Guatemalan peeps can now receive money from the U.S. in under 20 seconds using their regular ol’ banking app. And get this, it only costs them $0.99 flat rate. No IBANs, no crypto wallets, no conversions needed. They can even pay with a debit card, Apple Pay, or even cold hard cash at places like Walmart and CVS. It’s all based on just a phone number. Pretty cool, right?
Like, remittances are a big deal in Latin America, especially in Guatemala where they get over $21 billion every year. The traditional systems are, like, super slow and expensive. But with SukuPay, they’re making it all better by using stablecoin-based transfers inside a legit banking setup. You don’t even see it happening, but it’s totally changing the game behind the scenes. Banco Industrial was like, “We could build our own thing, but why bother when SukuPay’s got it all figured out?” So, they integrated it into Zigi and now they’re setting a whole new standard. Cool, right?
