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Articlestellar.org4y ago

Tribal Credit, Bitso, Stellar Development Foundation partner to enable faster, cheaper international B2B payments in LatAm

Tribal Credit, Bitso, and the Stellar Development Foundation partnered to launch instant, low-cost cross-border B2B payments between Mexico and the US using Stellar USDC, targeting SMBs in Latin America.

PaymentsEmerging MarketsPartnerships
Lumen Loop's take

Tribal Credit, a B2B payment and financing platform for emerging markets, joined forces with Bitso, Latin America's leading crypto exchange, and the Stellar Development Foundation to create faster, cheaper cross-border payment services between Mexico and the US. The service enables Mexican companies to send B2B payments in Pesos that recipients receive in USD, leveraging Bitso's exchange liquidity and Stellar's low-cost network. Tribal Credit combines lending capabilities with blockchain backend infrastructure to serve SMBs without requiring cryptocurrency expertise. The partnership addresses a $175 billion market opportunity in Latin America, where 62 million SMBs transact globally annually. Tribal Credit provides corporate cards, credit lines, and payroll services alongside the new cross-border payment option.

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Stellar Development FoundationInfrastructure & Services
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InfrastructureCommunity

The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of the Stellar ne…

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