Our Crypto IRL sequence showcases people who’re main the cost within the crypto revolution through the use of cryptocurrency in actual life to drive monetary inclusivity, enterprise, and innovation.
We’re excited to share a latest dialog we had with Bernardo Garcia, Co-Founding father of Félix Pago, the world’s first chat-bot on WhatsApp that enables 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 arduous working overseas born Latino immigrants that reside within the US and supply help to their relations that stayed of their residence nation. We leverage blockchain and AI to make remittances as easy and quick as sending a WhatsApp message.
Félix was constructed to fulfill Latino’s the place they’re, on WhatsApp, and to assist them save money and time once they care for their family members.
Superior. And the way does Félix Pago use crypto as a part of their operations?
Félix leverages steady cash to get the shopper’s funds from the US to Mexico.
First, the shopper sees a assured trade fee of USD/MXN within the Félix chat. As soon as they pay, Félix takes the funds, converts them into steady cash, after which executes the required 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 primary advantages of utilizing crypto are the pace of the transactions and the low prices.
Doing a cross-border transaction by way of 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 imagine 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.
Ultimately, 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’ve an instance to share of how cryptocurrency is getting used IRL? Tweet us! @blockchain