Movement, El Vecino and RISE Launch a Digital Dollar Wallet

cryptonews.ru2026-08-10 tarihinde yayınlandı2026-08-10 tarihinde güncellendi

Özet

Payment network Movement, operating on a blockchain, has partnered with remittance service El Vecino and blockchain wallet developer RISE. The collaboration has launched a new service for digital dollar transfers between the United States and Mexico. El Vecino, with 19 years of experience in US-to-Mexico remittances, and RISE, which provides digital wallet infrastructure in Latin America, are leveraging Movement's regulated payment network for fast settlements. The new service enables El Vecino's clients to send money directly via WhatsApp. Recipients in Mexico can collect funds in cash at OXXO and Circle K locations or transfer them to a bank account via the SPEI system. Currently, El Vecino processes approximately 25,000 transfers monthly, with about 85% destined for Mexico. The WhatsApp-based service will initially be tested with 20,000 El Vecino users, with plans to later expand to RISE's network, potentially reaching around 800,000 users. The companies intend to subsequently launch the service in other Latin American countries, including Guatemala and El Salvador.

The Movement payment network, operating on a blockchain, has partnered with the El Vecino money transfer service and the RISE blockchain wallet developer. The companies have launched a service for transfers between the US and Mexico using digital dollars.

El Vecino has been handling transfers from the US to Mexico for 19 years, and RISE provides infrastructure for digital wallets and payments in Latin American countries. Movement is responsible for the regulated payment infrastructure that enables fast settlements.

The new service allows El Vecino customers to send money via WhatsApp. Recipients in Mexico can receive cash at OXXO and Circle K outlets or transfer it to a bank account via the SPEI system.

Currently, El Vecino processes about 25,000 transfers per month, with approximately 85% of them destined for Mexico. In the first phase, the WhatsApp service will be tested among 20,000 El Vecino users. It is then planned to be extended to the RISE network, which could potentially reach about 800,000 users.

In the future, the companies intend to launch the service in other Latin American countries, including Guatemala and El Salvador.

Image: Magnific

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İlgili Sorular

QWhat is the purpose of the partnership between Movement, El Vecino, and RISE?

AThe partnership aims to launch a service for money transfers between the United States and Mexico using digital dollars.

QWhat is El Vecino's area of expertise, and what role does RISE play in Latin America?

AEl Vecino has 19 years of experience specializing in money transfers from the US to Mexico. RISE provides digital wallet and payment infrastructure in Latin American countries.

QWhat role does Movement play in the new service?

AMovement is responsible for the regulated payment infrastructure that enables fast settlements for the new money transfer service.

QHow can clients of the new service send and receive money?

AClients can send money via WhatsApp through El Vecino. Recipients in Mexico can receive cash at OXXO and Circle K locations or transfer the funds to a bank account via the SPEI system.

QWhat are the companies' future plans after launching the service in Mexico?

AThe companies plan to expand the service to other Latin American countries, including Guatemala and El Salvador.

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