CHICAGO, Oct. 30, 2024 (Globe Newswire) — Felix, a chat-based platform that combines stablecoins and AI to make sending money as easy as sending a WhatsApp, We have partnered with Zero Hash, a coin infrastructure platform. Leveraging Zero Hash’s infrastructure, which seamlessly connects fiat currencies, cryptocurrencies, and stablecoins, and provides extensive regulatory coverage (across 52 U.S. jurisdictions), Felix currently has 6,000 U.S.-based We provide simplified cross-border payment solutions to more than 10,000 Latin Americans, who collectively transfer $150 billion. Their family every year.
In just two years, Felix has increased payment volume over 500 times and helped hundreds of thousands of Latinos in the United States send money to family and friends. In May 2024, Felix Pago raised $15.5 million in Series A funding and received the prestigious award “Fintech Making a Difference” from CrossTech in 2023.
Felix identified a critical need in the Latino immigrant community, where sending money back home through traditional methods is often complex, time-consuming, and expensive. By integrating its service with Whatsapp, an app used by 85% of Latin Americans, and using stablecoins to move funds across borders in near real-time, 24/7, Felix We have created a user-friendly and cost-effective solution. to send remittances;
By embedding Zero Hash’s infrastructure natively into Felix services, Felix can control the customer experience on the front end, while Zero Hash handles end-to-end technical and regulatory compliant fund transfers on the back end. . Receive USD, convert it to USDC, instantly send to global partners, convert USDC to local currency and send funds to recipients. Leveraging stablecoins provides a faster and more affordable way to send money from the US to Mexico.
“One of the biggest indicators of our success is our NPS score of 90, which is more than double the typical score in the remittance industry. We are very proud of this number. is a testament to our success in providing user-friendly services and efficient money transfer solutions for the Latino community. By combining familiar messaging applications with stablecoin technology, we don’t just send money, we make sure more of it goes to recipients. ” said Manuel J Godoy, co-founder and CEO of Felix. “Zero Hash’s seamless, connected, and secure stablecoin infrastructure abstracts our complexity and enables Felix to build the best remittance experience for millions of Latinos to send money home. It means you can concentrate on
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“Using stablecoin technology as a ‘network of networks,’ this remittance flow allows senders and recipients to operate with fiat currencies without interacting with stablecoins,” said Zerohash founder. Edward Woodford, CEO and Chief Executive Officer, said: Cryptocurrency and stablecoin adoption is what happens when technology moves from the foreground to the background, and we are pleased that Zero Hash and Felix’s partnership achieves that. The result is simple, instant and cheap money transfers. ”
About Felix
Félix is a chat-based platform that allows Latinos in the United States to send money abroad. We combine blockchain and artificial intelligence to disrupt the way money is transferred today and build the future of cross-border payments.
Felix launched in the summer of 2022 and has since helped hundreds of thousands of Latin Americans send money back to their home countries in seconds and at a fraction of the cost of traditional methods. Felix has raised over $20 million in funding from investors including Castle Island Ventures, Switch Ventures, HTwenty, Contour, and MELI Capital (corporate VC of Mercado Libre).
About zero hash
Zero Hash is a B2B2C crypto-as-a-service infrastructure platform that allows any platform to quickly and easily natively incorporate digital assets into their own customer experiences through API endpoints. Zero Hash’s turnkey solution handles the complexity of the entire backend and regulatory licenses required to offer an encryption product.
Through its subsidiaries, Zero Hash Holdings supports neobanks, broker-dealers, payment groups, and non-financial brands with products powered by cryptocurrencies and stablecoins.
Zero Hash Holdings is backed by investors including Point72 Ventures, Bain Capital Ventures, and NYCA.
Zero Hash LLC is a FinCen-registered money services business and a regulated money transmitter that can operate in 51 jurisdictions in the United States. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed by the New York State Department of Financial Services to engage in virtual currency business activities. In Canada, Zero Hash LLC is registered with FINTRAC as a Money Services Business.
Zero Hash Australia Pty Ltd. is registered with AUSTRAC as a digital currency exchange provider and has DCE Registered Provider Number DCE100804170-001. This registration will enable Zero Hash to offer crypto services in Australia. Zero Hash Australia Pty Ltd. is registered with the New Zealand Financial Services Provider Register under Financial Services Provider (FSP) number FSP1004503. A New Zealand FSP is a registration and does not mean that Zero Hash Australia Pty Ltd. is licensed by the New Zealand regulator to provide encryption services. Zero Hash Australia Pty Ltd.’s registration on the New Zealand Financial Services Provider Register does not mean that Zero Hash Australia is subject to active regulation or supervision by any New Zealand regulator. Zero Hash Europe BV is registered as a Virtual Asset Service Provider (VASP) Register by the Dutch Central Bank (Relationship Number: R193684). Zero Hash Europe Sp. Zoo is registered as a VASP by the Polish Chamber of Tax Administration in Katowice (registration number RDWW – 1212).
Connect with zero hash
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zero hash contact
Sean O’Keefe
(855) 744-7333
(email protected)
Zero hash disclosure
Zero Hash services and product offerings are not available in all jurisdictions. Zero Hash Accounts are not subject to FDIC or SIPC protection or any equivalent protection that may exist outside of the United States. Zero Hash’s technical support and asset activation does not constitute an endorsement of such assets or a recommendation to buy, sell, or hold any cryptoassets. The value of any cryptocurrency, including digital assets pegged to fiat currencies, commodities, and other assets, can fall to zero. Zero Hash is not registered with the SEC or FINRA. Zero Hash does not provide securities services and does not store securities, including security tokens, on behalf of its customers.
