PANews May 21 news, according to CoinDesk, Guatemala's largest bank, Banco Industrial, announced the integration of the blockchain payment protocol SukuPay to process cross-border remittances from the United States to Guatemala using the USDC stablecoin. Users only need to enter their phone number in the mobile banking app Zigi to receive funds, with a fixed fee of $0.99 per transaction. SukuPay is developed on the Polygon network and will be launched in April 2024, allowing cross-border transfers without the need for users to create a crypto wallet. This marks the first deep integration of a native crypto payment protocol by a large retail bank in Latin America.
