Issuing Mexican-peso-backed tokens on Stellar, Saldo allows migrant workers to support family members back home by making it easy to pay bills across borders. Their simple interface lets a sender in the U.S. top up a recipient’s account with a utility provider in Mexico.
Transferring money across borders, especially in small amounts, is difficult, slow, and most of all, expensive. Migrant workers who need to cover family utility bills back home either confront that cost and complexity every month, or resort to cumbersome and inefficient workarounds.
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