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Our Crypto IRL collection showcases people who’re main the cost within the crypto revolution by utilizing cryptocurrency in actual life to drive monetary inclusivity, enterprise, and innovation.
We’re excited to share a current dialog we had with Bernardo Garcia, Co-Founding father of Félix Pago, the world’s first chat-bot on WhatsApp that permits Latino immigrants within the US to ship remittances overseas.
Félix Pago leverages blockchain and AI to make remittances as easy and quick as sending a message.
Hey Bernardo! Inform us a bit about Félix Pago
Félix Pago serves laborious working international born Latino immigrants that reside within the US and supply help to their members of the family that stayed of their dwelling nation. We leverage blockchain and AI to make remittances as easy and quick as sending a WhatsApp message.
Félix was constructed to satisfy Latino’s the place they’re, on WhatsApp, and to assist them save money and time once they deal with their family members.
Superior. And the way does Félix Pago use crypto as a part of their operations?
Félix leverages secure cash to get the shopper’s funds from the US to Mexico.
First, the shopper sees a assured alternate fee of USD/MXN within the Félix chat. As soon as they pay, Félix takes the funds, converts them into secure cash, after which executes the mandatory trades in crypto to get the Mexican pesos within the arms of the shopper’s beneficiary in actual time.
What have the advantages been to the enterprise since introducing crypto?
The principle advantages of utilizing crypto are the velocity of the transactions and the low prices.
Doing a cross-border transaction through conventional rails, like swift, takes days and may be very costly, which makes it inefficient.
Lastly, what do you assume the way forward for crypto holds — in 2023 and past!
We consider that the way forward for crypto is when it powers our day after day lives and we don’t even discover it! That’s what Félix is all about.
In the long run, what issues to us and our prospects is that the funds get from A to B in actual time on the lowest doable value.
Do you could have an instance to share of how cryptocurrency is getting used IRL? Tweet us! @blockchain
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