Listen to this articleBelow is our recent interview with Jill Krebs, Marketing Manager at Vesto:
Q: Jill, what is Vesto?
A: The way the world transacts is evolving. Vesto provides a steady hand in this rapid modernization through turnkey blockchain infrastructure. With Vesto, financial institutions can safely explore the world of digital assets.
Q: Any highlights on your recent announcement?
A: In recent news, we announced that we have partnered with Latamex (part of Settle Network) to add fiat to crypto on/off ramps into Latin America, namely Mexico, Brazil and Argentina.
The partnership provides additional financial services for Vesto customers, allowing them to earn rewards and transact more cost-efficiently on the protocol, in addition to reducing transaction fees and time in the remittance sector. Remittance is a key use case, particularly from the U.S. to Mexico, which reached a record $51.6 billion in 2021, according to the Wilson Center. Beyond remittances, there is also a growing need for mobile money and other financial solutions to aid the unbanked.
Vesto’s protocol and user-friendly app provide instant low-fee remittance, easy digital onboarding, no minimum deposit, instant liquidity, insurance options, secure wallet services and the ability to link to any existing online bank account.
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Q: Can you give us more insights into your offering?
A: Vesto is ushering in a new era for finance by making participation in the evolving digital asset ecosystem secure, user-friendly and compliant. Vesto delivers an end-to-end solution that allows clients to leverage crypto services via an agile, scalable, and compliant protocol (as a white label service). Its services provide access to the most advanced crypto banking, transaction, and yield generation offerings available.
Q: What can we expect from your company in the next 6 months? What are your plans?
A: Business with Vesto is booming. We have various use cases and are currently focusing on remittance, initially on transfers from the U.S. to Mexico, payments, mobile money, tokenizing money market funds, supply chain and corporate treasury.
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Q: What is the best thing about your company that people might not know about?
A: Before Vesto, you were faced with a binary choice: use your funds to transact, or use your funds to generate yield. With Vesto’s innovative and secure multi-chain bridge, you no longer have to choose. Vesto will make your funds work for you, while still maintaining the flexibility to send payments.
