Anon whales shift 143 million $XRP, Bitso sets up a remittance corridor based on Ripple’s ODL and WhatsApp. $XRP
, this week, major Ripple partner Bitso crypto exchange entered into a partnership with Felix Pago in order to launch a new remittance corridor from the US to Mexico, where Bitso is based.
The geography of Bitso operations includes Brazil, Colombia, Argentina and Mexico. This is the largest crypto exchange in Latin America and is the only crypto unicorn in this region. The new remittance service is intended to provide cheap and fast money transfers for customers. It was not mentioned in the press-release but since Bitso is a well-known distributor of Ripple’s ODL technology in Latin America, odds are high that ODL will be used in this case too.
Curiously, Felix Pago’s money transfers work via WhatsApp. If in this case Ripple’s ODL tech will be operating via a popular messaging app, this would be a break through for crypto adoption and utility. A few years ago, Facebook was planning to launch payments, using the stablecoin they were building, in India,
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