Guatemalan Bank Banco Industrial Partners with SukuPay to Launch Stablecoin Payment System

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According to Foresight News, citing CoinDesk, Banco Industrial in Guatemala has partnered with SukuPay to launch a stablecoin payment system based on Polygon, allowing users to make cross-border remittances using USDC. Guatemala receives approximately $21 billion in remittances annually, which accounts for nearly 20% of its GDP. SukuPay enables users to receive funds through the Zigi app using their phone number, with a transaction fee of $0.99 per transfer.

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