Another stablecoin (USDC)-based product for remittances, this time baked into WhatsApp. From a utility perspective, this is smart. Whether StableSats, Taproot Assets, or other, bitcoin will lag in these scenarios until it’s sorted.
Discussion
"I like to say that WhatsApp is the operating system of the region, so it makes sense that we build something on WhatsApp to make it super easy,” CEO Manuel Godoy told TechCrunch.
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Strong moves. Expanding through WhatsApp integration is the way to go in Latam.
If they avoid going down the PayPal path of the compliance nightmares and frequent random account freeze, they could take a strong foothold there IMO.
Dollarizing Latam the sly roundabout way.