Transforming Global Trade: Bitso Business at the Forefront of Blockchain

In a globalized world, cross-border payments are the driving force behind international business operations. However, these processes are often riddled with inefficiencies: high costs, lengthy processing times, and a lack of transparency that hinder business growth and efficiency.

Latin America represents a key market with a B2B payment volume of $600 billion, projected to grow at an annual rate of 11% through 2030. These figures highlight the urgency of transforming the current system and position the region as a focal point for innovation in global payments.

How Bitso Business Leads the Transformation

Bitso Business is revolutionizing international payments in Latin America by combining blockchain technology with a regulated infrastructure. This innovation delivers solutions that remove traditional barriers:

• Instant Payments Without Prefunding: It is estimated that over $10 trillion is locked globally in nostro/vostro accounts, including $2.8 billion in Latin America. Bitso eliminates this requirement through blockchain, maximizing companies' liquidity.
• Robust Regulation and Global Trust: Bitso was the first provider in Latin America to obtain the Gibraltar Regulatory Framework, standing out in key markets such as the United States, Brazil, Mexico, Argentina, and Colombia.
• Advantage in Remittances: Bitso already handles 10% of the total volume between the United States and Mexico, the second-largest remittance corridor in the world.
  
  
  

LATAM and Local Success Stories

Examples like Pix in Brazil showcase the potential of instant payment systems in the region. Pix, which processes 44% of online transactions in Brazil, highlights how local solutions can integrate with global platforms. Additionally, Mexico, with its SPEI system, and Colombia, with PSE, are following similar models, though they face regulatory challenges.

On the other hand, regulatory diversity in the region adds complexity. In Brazil, the Crypto Assets Law 14,478 provides a clear framework, while in Mexico and Argentina, restrictions on digital assets limit development. However, the high adoption of digital assets, such as the 43% of daily Pix users in Brazil, demonstrates a market ready for blockchain solutions.

Bitso Business: Strategic Impact

Adopting technologies like blockchain is not just an operational advantage but a strategic necessity, offering:

• Competitive Differentiation: Companies that integrate blockchain will optimize costs and improve transaction speeds, surpassing competitors still reliant on traditional systems.
• Financial Visibility: With fully traceable and transparent transactions, businesses can plan more accurately and strengthen trust with their partners.
• Operational Efficiency: Reducing costs by eliminating intermediaries and maximizing liquidity allows companies to redirect resources toward growth.

Bitso Business solutions are designed to address the key challenges faced by companies operating internationally. They offer cost reductions through fixed fees and the elimination of intermediaries, making cross-border payments more accessible. Additionally, they provide total transparency, as every transaction is traceable and clear, enabling better financial planning. Their flexibility stands out, allowing businesses to operate in fiat, stablecoins, or various digital assets depending on their needs.

Why Choose Bitso Business

Bitso Business combines innovation, robust regulation, and local expertise to deliver a comprehensive solution that transforms cross-border payments. With a network that integrates systems like SPEI, Pix, and PSE, and the ability to operate with both stablecoins and fiat, Bitso is building the bridge to a more agile and transparent financial future.

The disruption of the traditional cross-border payment system in Latin America presents a unique opportunity for businesses to optimize operational efficiency and accelerate growth in a competitive global environment.

Bitso Business not only facilitates faster and more transparent transactions but also empowers companies to lead in a market that demands constant innovation.

This article is based on the report “From Barriers to Bridges: How Blockchain Can Reshape Cross-Border Payments in Latin America.”, recently published in collaboration with PCMI, our commercial partner specializing in market intelligence consulting in the global payments industry.

Explore our full report here and prepare your business to compete in an increasingly digital world.