Vesto's powerful digital asset infrastructure for businesses, today announced that it has partnered with Latamex (part of Settle Network company), a fiat-crypto gateway into Latin America, namely Mexico, Brazil and Argentina.
The partnership provides additional financial services for Vesto customers, allowing them to earn rewards and transact more cost-efficiently on the protocol, in addition to reducing transaction fees and time in the remittance sector. Remittance is a key use case, particularly from the U.S. to Mexico, which reached a record $51.6 billion in 2021, according to the Wilson Center. Beyond remittances, there is also a growing need for mobile money and other financial solutions to aid the unbanked.
Read the full press release here.