- Innovative Payment Solutions (OTCQB: IPSI) partners with Bullet Blockchain (OTC: BULT) to enhance Bitcoin ATM remittances to Mexico.
- Integration of advanced cybersecurity wallet solutions by Silo Technologies to combat rising digital payment fraud in Latin America.
- Expansion of Bitcoin ATM network targeted in California, Texas, and Florida.
Innovative Payment Solutions, Inc. (OTCQB: IPSI) has formed a strategic partnership with Bullet Blockchain (OTC: BULT) aimed at transforming cross-border remittances to Mexico via Bitcoin ATMs. This collaboration utilizes Bullet Blockchain's patented Bitcoin ATM technology, enabling customers in the U.S. to convert cash, debit, or credit funds into Bitcoin or USDC for swift remittances to Mexico.
The partnership incorporates the cybersecurity wallet solutions from Silo Technologies, which include real-time threat detection, MiCA-aligned encryption, and AML/KYC compliance tools. These measures are crucial in response to a 70% increase in digital payment fraud reported in Latin America throughout 2023.
Furthering this effort, Innovative Payment Solutions and Bullet Blockchain will initiate co-branded marketing campaigns in California, Texas, and Florida, key states where Bullet's ATM network is progressively expanding.
This new remittance service allows users to efficiently deposit cash, debit, or credit at Bitcoin ATMs, converting them into digital currencies for quick transfers. Recipients in Mexico can access these funds through crypto wallets, bank accounts, or local ATMs, providing a seamless remittance experience.
For more details on IPSI's digital payment solutions or Bullet Blockchain's Bitcoin ATM network, visit their respective websites or follow them on social media.
