Cryptocurrency Remittance Solution Introduced in Latin America by Island Pay and Circle

Island Pay, a fintech company based in the Bahamas, has launched a crypto remittance solution to address the extreme high costs associated with traditional cross border payment systems, Bloomberg reported. The fintech firm has announced a digital wallet called "CiNKO," for users in Latin America and the Caribbean. To offer a practical alternative payment solution, CiNKO will rely on Circle's USDC stablecoin as its primary currency. ... Read More: Cryptocurrency Remittance Solution Introduced in Latin America by Island Pay and Circle