Bitso Business’s stablecoin-powered payments platform is on track to process $82 billion in annualized total payment volume (TPV) this year.
The company has also seen growth in local real-time payments in Mexico, with its payout rails enabling transactions that reached $15.6 billion in annualized volume, Bitso Business said in a Thursday (Dec. 18) press release emailed to PYMNTS.
Bitso Business, the B2B arm of digital financial services company Bitso, offers companies based in Mexico, the United States and several other countries direct access to Mexico’s 24/7 instant payment system, according to the release.
The company’s offerings include enhanced stablecoin rails for foreign exchange and treasury solutions, local payment connectivity with regulatory engagement across jurisdictions, and operational reliability with API infrastructure for real-time settlements and liquidity…
