CHICAGO–(BUSINESS WIRE)–Strike, the world’s leading digital payments platform built on Bitcoin’s Lightning Network, today announced the expansion of “Send Globally” to Guatemala, bringing its revolutionary cross-border payment service to Latin America.
In 2022, Latin America and the Caribbean received more than $140 billion in cross-border payments. U.S.-Guatemala is one of the world’s largest remittance corridors and its people and economy rely on more than $18 billion annually in money sent from abroad, with a large proportion originating from the U.S.
Strike has partnered with Osmo in Guatemala to enable transfers from U.S. dollars that are received as local currency in a recipient’s bank account or Osmo wallet, offering a fast, low-cost and secure alternative to traditional remittance providers. While the majority of Guatemalan residents own a smartphone, an average of 60% of adults do not have a bank account. By providing Osmo customers the option to cash out their
