The sending of money to other countries has become a daily task for businesses that wish to expand and that, constantly, they seek solutions that allow them to connect with other territories and send funds easily, fast and at cost-effective prices.
In 2023, the total volume of the cross-border transaction market worldwide was over 190 billion dollars, being 39,3 billion dedicated to the B2B segment. By 2030, it is expected that the total value will exceed 290 billion dollars, with B2B representing over 56 billion, за відповідною зStatista.
The platformBlindPayfound an important opportunity to boost Web3 companies and encourage those in Web2 to evolve, easily. All of this, thanks to your API interface that enables connections and supports cross-border payments by employing the technology ofBitso Business – the B2B unit of Bitso that offers an infrastructure for the future of cross-border payments.
This payment processor enables companies to send funds from one territory to another and uses Bitso Business infrastructure to connect them with local payment channels, in a simple way and without the need for deep technological knowledge, democratizing the use of this technology.
Since the birth of BlindPay, we had in mind the mission of financially connecting territories and helping companies transfer funds simply and without intermediaries. Bitso Business has played a crucial role in this first stage, it is thanks to your technology that we are connecting with the banking systems of the countries to achieve successful and smooth transfers,mentionedBernardo Simonassi, CEO and developer of BlindPay.
"Through traditional payment systems", this type of operation ends up involving difficulties due to fragmented and incompatible banking systems worldwide, that require multiple intermediaries to facilitate transactions, what generates a costly process, slow and inefficient for making global payments. Furthermore, the companies, frequently, they need to pre-finance accounts in foreign currencies, which incurs high costs and immobilizes your capital. As a regulated payment institution, at Bitso Business we are pleased to partner with companies like BlindPay, allowing them to have efficient and secure access to local payment systems throughout Latin America, commentGabriele Zuliani, Director of Bitso Business
Although BlindPay started operations in July of this year, in September they already managed to double the monthly transaction volume. The company has been enabling virtual and physical businesses to send and receive money from the United States and Europe to Brazil and other countries in Latin America, providing access to local payment systems
