Bitso's Daniel Vogel joins Money Code to discuss scaling stablecoins in cross-border payments. Vogel recounts Bitso's origin story, driven by the need to solve expensive remittance issues between the U.S. and Mexico. He details Bitso's evolution from a Bitcoin exchange to a comprehensive digital asset infrastructure provider in Latin America, now handling 10% of remittances between the U.S. and Mexico. Vogel shares lessons learned, including the importance of patience, innovation, and navigating regulatory gray areas. He highlights the significant growth in B2B payments, particularly among PSPs, and explores the potential of local currency stablecoins like MXNB and BRL1 to revolutionize on-chain finance and local payment systems, emphasizing the need for regulatory clarity and increased liquidity.
Sign in to continue reading, translating and more.
Continue