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Koywe enters Bolivia and changes the way remittances are sent 💸
On September 20, Koywe, the Chilean fintech that already dominates the payments market with stablecoins in the region, opened its doors in Bolivia. The company has announced that it will process remittances in USDC and USDT, aiming for 500,000 monthly transfers and a reduction in fees from 8% to 2%. This move comes right as Bolivia’s Central Bank approved a stablecoins pilot for remittances, marking the country’s first clear regulatory framework. While the initiative promises to speed up financial inclusion, without robust regulation users could face sudden freezes. Will traditional banking be a shadow over this revolution?
#Stablecoins #RemesasLATAM #Koywe #FintechBolivia
Not financial advice. Verify before investing.
Koywe enters Bolivia and changes the way remittances are sent 💸
On September 20, Koywe, the Chilean fintech that already dominates the payments market with stablecoins in the region, opened its doors in Bolivia. The company has announced that it will process remittances in USDC and USDT, aiming for 500,000 monthly transfers and a reduction in fees from 8% to 2%. This move comes right as Bolivia’s Central Bank approved a stablecoins pilot for remittances, marking the country’s first clear regulatory framework. While the initiative promises to speed up financial inclusion, without robust regulation users could face sudden freezes. Will traditional banking be a shadow over this revolution?
#Stablecoins #RemesasLATAM #Koywe #FintechBolivia
Not financial advice. Verify before investing.
On September 20, Koywe, the Chilean fintech that already dominates the payments market with stablecoins in the region, opened its doors in Bolivia. The company has announced that it will process remittances in USDC and USDT, aiming for 500,000 monthly transfers and a reduction in fees from 8% to 2%. This move comes right as Bolivia’s Central Bank approved a stablecoins pilot for remittances, marking the country’s first clear regulatory framework. While the initiative promises to speed up financial inclusion, without robust regulation users could face sudden freezes. Will traditional banking be a shadow over this revolution?
#Stablecoins #RemesasLATAM #Koywe #FintechBolivia
Not financial advice. Verify before investing.
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