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