Latin American centralized cryptocurrency exchange Bitso has signed a new integration for global payments. The exchange’s integration with the Anchor Network offers the possibility of trading in Argentina, Colombia and Mexico. The news triggers sudden fluctuations in altcoin prices…
Bitso announces integration of Stellar with Anchor network
Leading Latin American crypto exchange Bitso has integrated crypto payments specialist Stellar’s Anchor Network to expand its global payments corridor. This integration will allow Bitso to trade with USDC to Argentina, Colombia and Mexico.
Stellar announced the integration on Twitter. This partnership reduces transaction times and overhead costs in cryptocurrency payments to an acceptable level.
According to Santiago Alvarado, Bitso Senior Vice President of Corporate Product:
In recent years, we have seen an increase in cross-border payments globally for both international trade and remittances. By leveraging blockchain technology and cryptocurrencies, we can significantly improve settlement times and overall costs.
Altcoin prices take action: XLM jumps in double digits
XLM price is rising in double digits around the time of the announcement. The Ripple victory of July 13 had an impact on XLM as well as XRP. XLM continues the positive news with 10% price increase of the day.
cryptocoin.com As we reported, Ripple achieved a partial victory over the SEC on July 13.
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