Guatemala’s largest bank integrates blockchain for cross-border payments

Guatemala’s largest bank, Banco Industrial, has integrated crypto infrastructure provider SukuPay into its mobile banking app, allowing locals to more easily receive remittances powered by blockchain technology.  SukuPay’s infrastructure has been fully embedded inside the Zigi payment app, allowing Guatemalans to receive funds from the United States instantly for a $0. 99 flat fee, the company disclosed on May 21.  Users of the Zigi app do not need a crypto wallet or an International Bank Account Number (IBAN) to receive the funds, the company said source: https://cointelegraph.com/news/guatemala-largest-bank-integrates-blockchain-cross-border-payments?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound