Felix, a WhatsApp-based cross-border transfer platform, has partnered with Zero Hash to simplify transfers for 60 million Latin Americans in the US.
This partnership allows users to send funds via WhatsApp using stablecoins managed by Zero Hash, a crypto infrastructure provider for companies like Stripe. Each year, American Latin Americans send about $150 billion home, and now Felix offers a fast and cost-effective way to make transfers without high fees.
Stablecoins like USD Coin (USDC), tied to fiat currency, provide ease and speed of transactions without requiring direct interaction with cryptocurrency. Zero Hash handles regulatory compliance and conversion of dollars to USDC, ensuring smooth transfers to local currencies.