/PRNewswire/ Algorand and Bnext join forces to revolutionize the remittances market in Europe and Latam. During 2020, Latam received more than 100bn USD and.
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MADRID, June 2, 2021 /PRNewswire/ Algorand and Bnext join forces to revolutionize the remittances market in Europe and Latam. During 2020, Latam received more than 100bn USD and Spain sent more than 18bn USD, with Latin America receiving most of the remittances sent by Spain.
Bnext will take advantage of Algorand s high performing and cost effective blockchain infrastructure to make transactions extremely convenient and accessible, even compared to other fintech services.
The offering is based on more efficient and secure remittances, as all the operations are made possible on Algorand s public blockchain and carried out by Bnext and its commercial partners This includes Bitso, who will provide all the regulatory and exchange requirements so that the user experience for those sending and receiving funds is simple and instant.