Unbanked no more: Bahamas launches crypto remittance platform
Channel: Crypto News Today | CNT
Date: 2023-07-27

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Island Pay introduces "CiNKO" digital wallet, powered by Circle's USDC stablecoin, for remittances in Latin America and the Caribbean. The innovative wallet aims to enhance financial inclusion by providing seamless transactions for both banked and unbanked individuals in over 30 countries.
The push for stablecoins and decentralized finance protocols in the region is set to revolutionize the remittance landscape, offering potential cost savings of up to 80% compared to traditional methods.
#bahamas #bitcoin #cryptonewstoday

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