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Everest: Partners with Bitso to enable cross-border payments

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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

Everest: Partners with Bitso to enable cross-border payments

  • Everest is a research firm focused on strategic IT, business services, engineering services, and sourcing
  • Bitso, the leading cryptocurrency platform in Latin America with more than 5 million users
  • The Mexico-US corridor is the second-largest international remittance corridor in the world
  • The same World Bank study found that the average cost of sending $200 globally was an astounding 6% ($12) in 2021
  • Customers in different countries that want to send money to Mexico will be able to do so instantly
  • The knock-on impact of this expands across multiple UN SDG’s and transversely at the household and the community
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