Felix & Zero Hash to expand its borderless remittance solution

By Gloria Mathias

Felix, a chat-based platform that combines stablecoins and AI to make remittances as easy as sending a WhatsApp message, has partnered with Zero Hash, a crypto and stablecoin infrastructure platform.

Leveraging Zero Hash’s infrastructure, which seamlessly connects fiat, crypto, and stablecoins with broad regulatory coverage (across 52 US jurisdictions), Felix will be able to offer its simplified cross-border payment solution to more than 60 million US-based Latinos, who collectively send $150 billion to their families every year.

Felix has identified a crucial need in the Latino immigrant community, where sending money back home using traditional methods is often complex, slow, and expensive. By integrating their service with WhatsApp, an app used by 85% of Latinos, and using stablecoins to move money across borders 24/7/365 and in near real-time, Felix has created a user-friendly, more cost-efficient solution for sending remittances.

By embedding Zero Hash’s infrastructure natively into the Felix service, Felix can control the front-end customer experience. At the same time, Zero Hash handles the end-to-end technical and regulatory-compliant money movement on the back end. It receives and converts USD to USDC and then instantly sends it to global partners, who convert the USDC to the local currency and send the funds to the receiver. Leveraging stablecoins offers a faster and more affordable way to remit money from the US to Mexico.

“One of the biggest indicators of our success is our NPS score of 90, which is more than double the typical score in the remittance industry. We’re extremely proud of that number. It’s a testament to our success in delivering user-friendly, efficient remittance solutions for the Latino community. By combining a familiar messaging application with stablecoin technology, we’re not just transferring money; we’re ensuring that more of the money that is sent goes to the recipient.” said Manuel J. Godoy, Co-Founder & CEO at Felix.

“This remittance flow, powered by stablecoin technology as the ‘network of networks’, enables sender and receiver to operate in fiat without having to interact with stablecoins,” said Edward Woodford, Founder and CEO of Zero Hash. “We have always believed that the adoption of crypto and stablecoins will happen when the technology moves from the foreground to the background. We are delighted that the partnership between Zero Hash and Felix achieves that, resulting in simple, instant, and cheap money transfers.”