Stablecoin

Felix

Zero

Felix, a WhatsApp-based platform focused on cross-border payments, has teamed up with Zero Hash to simplify remittances for 60 million U.S.-based Latinos.
According to a press release seen by crypto.news, the partnership enables users to send funds instantly via WhatsApp, using stablecoin infrastructure managed by Zero Hash, a provider of crypto and stablecoin technology also utilized by Stripe and Interactive Brokers.
Per the release, U.S.-based Latinos collectively send $150 billion back to their homes each year. Felix’s service <a href="https://crypto.news/vc-roundup-felix-pagos-15-5m-for-whatsapp-remittances-fortunafis-9-5m-for-asset-tokenization-and-more-big-wins/" target="_blank" rel="noopener noreferrer nofollow">integrates with</a> WhatsApp, offering a streamlined way to send money without the high fees and slow transfer times typical of traditional remittance methods.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/circle-ceo-predicts-stablecoins-will-play-major-role-in-hong-kong-trade/"> Circle CEO predicts stablecoins will play major role in Hong Kong trade </a>
<h2 class="wp-block-heading" id="stablecoin-use">Stablecoin use&nbsp;</h2>
By using <a href="https://crypto.news/tag/stablecoin/" target="_blank" rel="noopener noreferrer nofollow">stablecoins</a> — digital assets that maintain a stable value tied to fiat currency — Felix provides an efficient way to send money internationally without requiring users to interact directly with cryptocurrency.&nbsp;
Zero Hash’s infrastructure manages all regulatory compliance and backend operations, converting U.S. dollars to stablecoin USD Coin (<a href="https://crypto.news/price/usd-coin/" target="_blank" rel="noopener noreferrer nofollow">USDC</a>) and enabling seamless transfers to local currency for recipients abroad.
Recently, the predictions platform Kalshi <a href="https://crypto.news/kalshi-teams-up-with-zero-hash-for-usdc-deposits/" target="_blank" rel="noopener noreferrer nofollow">partnered</a> with Zero Hash to let users fund accounts with USD Coin, enabling faster deposits.
In the third quarter of 2024, stablecoin market capitalization <a href="https://crypto.news/stablecoin-usage-surged-in-q3-as-market-cap-hits-170b-coinbase/" target="_blank" rel="noopener noreferrer nofollow">reached an all-time</a> high of nearly $170 billion, driven by adoption and regulatory clarity from the EU’s new crypto rules.&nbsp;
Anthony Pompliano <a href="https://crypto.news/teslas-automation-will-help-with-stablecoin-adoption-pompliano/" target="_blank" rel="noopener noreferrer nofollow">recently suggested</a> that stablecoins could become the primary medium in a machine-driven economy as transaction volumes neared $20 trillion year-to-date.
Since its launch, Felix has seen a 500 times growth in transaction volume, underscoring the demand for accessible, cost-effective remittance options. Zero Hash, meanwhile, supports 65 platforms across 22 blockchains and has processed over $20 billion in transactions.
The partnership aligns with Zero Hash’s approach to making blockchain technology effective without requiring user expertise, highlighting that crypto adoption grows when it operates behind the scenes. 
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/nansen-and-scroll-team-up-for-blockchain-growth-enhanced-analytics/"> Circle CEO predicts stablecoins will play major role in Hong Kong trade </a>

Felix teams up with Zero Hash for improved WhatsApp-based payments

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