Bitso, the Mexican trading platform in which raybour invests, already accounts for 2 per cent of the us-mexico remittance market, with a target of 20 per cent by the end of the year

Daniel Vogel  s, CEO of Mexican trading platform Bitso; Last year it accounted for just over 2% of remittances from the United States to Mexico, and that figure is growing. In the fourth week of 2020, the platform also experienced its most active week: processing about $24 million in remittances, or about 3.5% of the total market, according to him. The team has set a goal of reaching 20 percent by the end of 2020.

According to the report, Latin America (400 million), about 70% of the population without bank accounts, some countries are facing the challenge of domestic macroeconomic, Bitso cross-border transfer service for the user, even in the receiving party without bank accounts, Bitso can also gave money to Mexico's operator partners such as cash, let the receiver to take money there, make capital cross-border real-time settlement possible.

However, Vogel said there was still a lot of work to be done on infrastructure, access to liquidity and working with different stakeholders to achieve regulatory transparency. Founded in 2014, Bitso has grown from less than $500,000 in early 2019 to nearly $3.5 million in the past year due to the rapid growth of XRP/Peso transaction volume. In October, Bitso announced the completion of a series B round of financing backed by Ripple, Coinbase and Digital Currency Group.

原文链接： https://www.theblockcrypto.com/post/56566/crypto-exchange-bitso-aims-to-capture-20-of-the-u-s-to-mexico-remittance-corridor-by-the-end-of-2020

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