Why crypto remittance companies are flocking to Mexico By Cointelegraph
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Why crypto remittance companies are flocking to Mexico Mexico is the second-largest recipient of remittances in the world, according to 2021 World Bank statistics. Remittances to the nation jumped to a record $5.3 billion in July, which is a 16.5% increase year-over-year compared to the same period last year. The steady growth presents myriad opportunities for fintech companies.
Not surprisingly, droves of crypto companies are setting up shop in Mexico to claim a share of the burgeoning remittance market.
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Why crypto remittance companies are flocking to Mexico Mexico is the second-largest recipient of remittances in the world, according to 2021 World Bank statistics. Remittances to the nation jumped to a record $5.3 billion in July, which is a 16.5% increase year-over-year compared to the same period last year. The steady growth presents myriad opportunities for fintech companies.
Not surprisingly, droves of crypto companies are setting up shop in Mexico to claim a share of the burgeoning remittance market.
Continue Reading on Coin Telegraph
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