Felix Partners with Zero Hash for Improved Cross-Border Payments

Felix, a chat-based payment startup enabling international money transfers via WhatsApp, announced a partnership with Zero Hash to enhance the use of stablecoins for these transactions.

"Through embedding Zero Hash’s infrastructure natively into the Felix service, Felix is able to control the front-end customer experience," the statement reads. This integration allows Zero Hash to manage the back-end technical and regulatory compliance aspects of money movement, efficiently converting USD to USDC and facilitating instant transfers to global partners who then convert USDC to local currency for the recipient.

Stablecoins are becoming increasingly popular for cross-border payments, particularly among individuals who struggle with traditional banking systems. The market for stablecoins is approaching $180 billion, according to data from The Block.

Zero Hash provides technology solutions to third-party brokers, fintech firms, and neobanks, helping platforms embed digital assets into their services.

Felix primarily assists Latinos in the U.S. with sending money abroad.

Enhancing Cross-Border Payments with Stablecoins

Felix co-founder and CEO Manuel Godoy emphasized, "By combining a familiar messaging application with stablecoin technology, we're not just transferring money; we're ensuring that more of the money that is sent goes to the recipient." He praised Zero Hash’s infrastructure for simplifying complex processes, allowing Felix to enhance the remittance experience for millions of Latinos sending money home.

Zero Hash is a registered money service business with FinCen and operates across 51 U.S. jurisdictions. The firm has attracted significant investment, including a $105 million Series D round in 2022.

Earlier this year, Felix secured $15.5 million in Series A funding.