In a regional first, the crypto-national payment infrastructure of Sukupay, which now promotes cross-border remittances within the mobile application of Banco Industrial, marking Zigi marking a significant change in the way in which Latin American banks adopt Blockchain technology.
Integration allows Guatemalan users to receive transfers based on the United States in less than 20 seconds through their existing bank application, for a fixed rate of $ 0.99, according to a note shared with Crypto.News.
Users can start payments with a Deitit, Apple Pay or cash card through retail partners such as Walmart and CVS. The system works with only one phone number, eliminating the need for IBANS, cryptographic wallets or conversions.
“This is not a characteristic: it is an update of financial infrastructure,” said Yonathan Lepchik, Sukupay CEO. “We are promoting real world payments working for real banks or non -banking.”
Inefficiencies addressed
Remittances are a vital life for Latin America, with Guatemala only by resorting more than $ 21 billion annually. Traditional systems are often expensive and slow.
Sukupay addresses these inefficiencies in embedding transfers based on stablecoin directly in a regulated banking environment that is not invisible to the user, but transformative under the hood.
Industrial Bank chose to integrate Sukupay instead of building its own cross -border infrastructure.
“With Sukupay infrastructure integrated directly into Zigi, we are not only improving remittances, we are establishing a new standard,” said Michel Caputi, head of Strategic Alianancies of Banco Industrial.
The association can serve as a model for banks throughout the region that seek modern buildings from scratch or forcing customers to interact directly with cryptographic technology.
