Mexico City, Mexico, May 30, 2025 — XDC Network, a leading blockchain platform focused on real-world financial applications, has announced a strategic alliance with Bitso Business, Bitso’s B2B division. This partnership will leverage Bitso’s infrastructure for efficient and transparent cross-border payments to facilitate low-cost and near-instant payments from the U.S. to Mexico, a major global remittance route.
Mexico is the world’s second-largest recipient of remittances, receiving over $63 billion, while the United States is the leading sender, with over $70 billion annually. Recognizing the importance of this corridor for individuals and SMEs in the Americas, XDC aims to modernize its financial infrastructure using blockchain technology.
The collaboration will establish a blockchain-based payment system utilizing XDC Network’s ISO 20022-compatible and highly efficient infrastructure, combined with Bitso Business’ reliable fiat on/off ramps throughout Latin America. This aims to enable businesses and individuals to transfer value more quickly, securely, and at a significantly lower cost than traditional methods.
Amitava Mandal, Ecosystem Development at XDC Network, stated:
“This partnership with Bitso Business is a significant step towards our goal of integrating traditional finance with the efficiency of blockchain. Together, we are providing faster, fairer cross-border transfers that address real-world issues in global remittances and SME trade.”
Key Benefits of the Partnership:
• Low-Cost Remittances – Transactions are completed in seconds with minimal fees, thanks to the XDC blockchain.
• Multi-Currency Support – Instant USD ⇄ MXN conversion is facilitated by Bitso’s LATAM liquidity solutions.
• Enterprise Integration – Suited for SMEs, fintech companies, and institutions making international payments to suppliers or employees.
• Standards-Driven – Built on ISO 20022-compliant messaging, ensuring future compatibility with banks and regulated institutions.
• Real-World Use Case – Aligns with XDC’s objective to promote significant adoption in impactful, emerging markets.
Bitso’s decade of experience, enterprise-grade APIs, and regulatory access in Latin America provide a strong layer of regional interoperability to the XDC ecosystem. When combined with XDC’s hybrid blockchain and dedication to financial inclusion, this partnership establishes a new standard for tokenized value transfer in real-world finance.
About XDC Network
The XDC Network is an enterprise-grade, EVM-compatible blockchain engineered for tokenizing real-world assets (RWA), facilitating trade finance digitization, and supporting ISO 20022-compatible cross-border settlement infrastructure. Designed for institutional-grade scalability and compliance, it offers near-zero fees and rapid transaction finality.
enables global crypto-to-fiat payments across 100+ countries.
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Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
CONTACT: Amitava Mandal partnerships@xdc.org
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