TruBit and Bridge Collaborate to Enhance Cross-Border Payments

TruBit, a leading crypto payment platform in Latin America, has partnered with Bridge, a global money movement platform. This alliance aims to revolutionize cross-border payments between the U.S. and Latin America by providing a seamless, low-cost, and efficient payment solution. With stablecoins reaching a market capitalization of $150 billion in 2024, these digital assets are crucial for cost-effective transactions. The partnership reduces transaction costs to as low as 1%, compared to the usual 5-10% charged by banks.

The collaboration enables near-instant settlement, transforming international transactions. Maggie Wu, CEO of TruBit, highlights the benefits for businesses and individuals transferring money across borders. The partnership empowers entrepreneurs, like LATAM-based Belén, who has seen her payment times reduced to same-day and fees cut by 80%.

TruBit and Bridge leverage API integration to ensure secure and efficient transactions, fostering an inclusive global financial ecosystem.