Cross Border Payments

It consists of a blockchain-based solution for making cross-border payments to people in the Dominican Republic

It consists of a blockchain-based solution for making cross-border payments to people in the Dominican Republic. With the potential to scale to other countries. Through blockchain, cross-border transactions are carried out with transparency and traceability. Fees and times are also reduced compared to SWIFT and other payment networks.

Vertical: Financial Markets

Technology: Blockchain, Tokenized Money

Countries involved: United States, Dominican Republic

Entities involved: IDB, Citibank, IoBuilders

Impact potential: Regional, Latin America, and the Caribbean

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