Guatemala’s Bank Goes Crypto: You Won’t Believe How Fast Remittances Are Now!

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In a groundbreaking twist that even the most optimistic techie wouldn’t have predicted, SukuPay’s crypto-native payment infrastructure is now strutting its stuff inside Banco Industrial’s mobile app, Zigi. Yes, you heard that right! This is like the first time someone decided to put avocado on toast—utterly revolutionary for Latin American banks and their blockchain adoption. 🥑✨

Now, Guatemalan users can receive U.S.-based transfers in under 20 seconds. That’s faster than you can say “Where did I put my phone?” And all for the low, low price of $0.99! Who knew sending money could be cheaper than a cup of coffee? ☕️💸

Initiating payments is as easy as pie (or should I say, as easy as a trip to Walmart?). Users can whip out their debit cards, Apple Pay, or even cash through retail partners like Walmart and CVS. And guess what? You only need a phone number! No more fumbling with IBANs, crypto wallets, or conversions. It’s like magic, but without the rabbits and top hats. 🎩🐇

“This isn’t just a feature — it’s a financial infrastructure upgrade,” declared Yonathan Lapchik, CEO of SukuPay. “We’re powering real-world payments that actually work for real people — banked or unbanked.” Because who doesn’t want their money to work as hard as they do? 💪💰

Inefficiencies Addressed

Remittances are the lifeblood of Latin America, with Guatemala alone raking in over $21 billion annually. Traditional systems? Costly and slow, like a tortoise in a marathon. 🐢💨

SukuPay swoops in to save the day by embedding stablecoin-based transfers directly into a regulated banking environment. It’s like a superhero in disguise—totally invisible to the user but transforming the whole experience under the hood. 🦸‍♂️✨

Banco Industrial decided to integrate SukuPay instead of building its own cross-border infrastructure. Smart move, right? “With SukuPay’s infrastructure embedded directly into Zigi, we’re not just improving remittances; we’re setting a new standard,” said Michel Caputi, Head of Strategic Alliances at Banco Industrial. Because who doesn’t want to be a trendsetter? 📈💼

This partnership could very well serve as a model for banks across the region looking to modernize without the hassle of building from scratch or forcing customers to dive headfirst into the crypto pool. 🏊‍♀️💦

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2025-05-21 18:32