Home Anchorage Digital Partners Grupo Salinas For Cross-Border Payments

Anchorage Digital Partners Grupo Salinas For Cross-Border Payments

Share
Anchorage Digital Partners Grupo Salinas For Cross-Border Payments
News
Share

Anchorage Digital has teamed up with Mexican conglomerate Grupo Salinas to make cross-border U.S. dollar payments faster and more efficient using stablecoin technology.

As part of the partnership, Grupo Salinas’ crypto division, Coinpro, will integrate Anchorage Digital’s stablecoin technology into its payment systems. This aims to speed up cross-border settlements.

The companies say using blockchain will shorten settlement times while still meeting the regulatory and security standards that big institutions need.

The partnership is focused on creating programmable, real-time payments using stablecoins tied to the U.S. dollar. Anchorage says its “Stablecoin Solutions for Banks” platform helps financial institutions move money around the world with blockchain, while staying within regulatory guidelines.

Grupo Salinas is led by billionaire Ricardo Salinas Pliego, a longtime supporter of Bitcoin and digital assets. The group also owns Banco Azteca and the retail giant Grupo Elektra.

Anchorage CEO Nathan McCauley said stablecoins are becoming more than just trading tools and are now a key part of modern financial systems. Grupo Salinas executive Carlos Díaz Alonso said the company plans to work together to create more efficient financial channels for their customers.

This announcement shows that traditional financial groups in Latin America are increasingly turning to stablecoins for international payments, especially in regions where cross-border transactions are slow and costly.

Anchorage has also grown its stablecoin partnerships lately, including working with U.S. dollar stablecoins on the Solana blockchain.

Share

Leave a comment

Leave a Reply

Latest News

Lido Begins $16.5B Ethereum Staking Upgrade To Reduce Validator Count
News

Lido Begins $16.5B Ethereum Staking Upgrade To Reduce Validator Count

Liquid-staking protocol Lido deployed its largest upgrade since 2023’s V2, starting the consolidation of over 8 million staked ether (stETH), worth roughly...

US Senate Delays CLARITY Act Vote As New York AG Warns Against Crypto Bill
News

US Senate Delays CLARITY Act Vote As New York AG Warns Against Crypto Bill

After prioritizing a bill pertaining to sanctions against Russia and a set of nominations from the Trump administration, the U.S. Senate postponed...

BitMine Buys 9,946 ETH, Expands Share Buyback As BMNR Stock Climbs
News

BitMine Buys 9,946 ETH, Expands Share Buyback As BMNR Stock Climbs

Bitmine, an Ethereum treasury company that is getting closer to owning 5% of the entire ETH supply, completed another weekly purchase of...

Strategy Buys Back $25M STRC Stock, Raises USD Reserve To $3.75B
News

Strategy Buys Back $25M STRC Stock, Raises USD Reserve To $3.75B

According to Michael Saylor’s Strategy on Monday, the company has raised its USD reserve to $3.75 billion. Additionally, the biggest Bitcoin treasury...

Related Articles

Narrative Rotation Playbook: How Traders Spot The Next Hot Sector Early

Crypto does not usually move in a straight line. It moves in...

5 Best Ways To Monetize Your Idle Crypto Via Liquid Staking

Imagine you have been holding Ethereum for years. You think its price...

How To Start An AI Faceless YouTube Channel & Get Monetized

Do you want to make money from YouTube, but you don’t make...

TOP 5 AI Tokens With Strong Real World Utility

Are you looking for some AI-focused crypto projects as Artificial Intelligence (AI)...