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XDC Network, Bitso Business to power cross-border U.S. to Mexico payments

Friday, May 30, 2025 — 14:35:42 (UTC)

Mexico City, Mexico, May 30, 2025 (GLOBE NEWSWIRE) -- The XDC Network, a leading blockchain platform for real-world finance, is proud to announce a strategic partnership with Bitso Business - the B2B arm of Bitso that provides infrastructure for efficient and transparent cross-border payments—to enable low-cost, near-instant payments from the U.S. to Mexico, one of the world’s largest remittance corridors.

With over $63 billion in inbound remittances, Mexico ranks second globally, while the United States leads the world in outbound remittance volume, exceeding $70 billion annually. This corridor is essential for millions of individuals and SMEs across the Americas, and XDC aims to modernize its financial infrastructure through blockchain.

This collaboration establishes a blockchain-based payment rail leveraging the XDC Network’s ISO 20022-compatible, ultra-efficient infrastructure and Bitso Business’ robust fiat on/off ramps across LATAM — helping businesses and individuals move value faster, more securely, and at a fraction of the cost of traditional channels.

Amitava Mandal, Ecosystem Development at XDC Network, commented: "This partnership with Bitso Business marks a major leap toward our mission of bridging traditional finance with blockchain efficiency. Together, we’re delivering faster, fairer cross-border transfers that solve real-world challenges in global remittances and SME trade."

Key Benefits of the Partnership: • Low-Cost Remittances – Cross-border transfers settle in seconds with minimal fees, powered by the XDC blockchain. • Multi-Currency Support – Instant USD ⇄ MXN conversion through Bitso’s LATAM liquidity rails. • Enterprise Integration – Ideal for SMEs, fintechs, and institutions paying suppliers or employees abroad. • Standards-Driven – Built on ISO 20022-compliant messaging, enabling future-proof compatibility with banks and regulated entities. • Real-World Use Case – Aligns with XDC’s mission to drive meaningful adoption in high-impact, emerging markets.

With over a decade of experience, Bitso’s suite of enterprise-grade APIs and regulatory access across Latin America brings a powerful layer of regional interoperability to the XDC ecosystem. Combined with XDC’s hybrid blockchain and commitment to financial inclusion, this partnership sets a new benchmark for tokenized value transfer in real-world finance.

About XDC Network The XDC Network is an enterprise-grade, EVM-compatible blockchain designed for tokenizing real-world assets (RWA), enabling trade finance digitization, and supporting ISO 20022-compatible cross-border settlement infrastructure. Built for institutional-grade scalability and compliance, it offers near-zero fees and fast finality. XDC.Cash enables global crypto-to-fiat payments across 100+ countries.

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Source: Company press release.

Categories: Partnership