Traditional international money transfers often involve high fees, lengthy processing times, and complex intermediary relationships. Through its enterprise platform, Coinme-as-a-Service, Coinme introduces innovative solutions that address these longstanding challenges in cross-border payments.

Neil Bergquist, CEO of Coinme, identifies significant opportunities in cross-border transactions. “There’s $50 billion a year of cash that’s sent from the United States to Latin America, and that’s cash to cash, which is surprising,” he notes. This insight drives Coinme’s approach to international payment solutions.

Technical Infrastructure Advantages

Coinme’s platform leverages blockchain technology to enable faster, more cost-effective transfers. “Crypto is built on blockchains. Blockchains are digitally native. It doesn’t matter which country you’re in, you’re able to process and settle transactions as long as you have an internet or cellular connection,” Bergquist explains.

Traditional remittance services typically charge fees ranging from 5% to 7% of the transaction value. Through Coinme’s enterprise platform, businesses can offer international transfers at significantly lower costs, often below 1% per transaction. This reduction creates value for both service providers and end users.

Implementation Process

Partner institutions receive comprehensive support when implementing Coinme’s cross-border payment solutions. The company’s experience with major partners like MoneyGram demonstrates its ability to integrate with existing financial infrastructure while maintaining regulatory compliance.

Neil Bergquist sees substantial growth potential in cross-border payments. Coinme’s recent expansion, reaching over 40,000 locations nationwide and processing more than $1 billion in transactions, indicates strong market demand for improved international transfer solutions.

Security and Compliance

Coinme maintains strict security protocols and regulatory compliance across its international payment operations. The platform incorporates advanced monitoring systems and fraud prevention measures, crucial for cross-border transactions.

The strategic relationship between Coinme and MoneyGram exemplifies the successful implementation of cross-border payment solutions. MoneyGram’s 4% investment in Coinme further validates the potential of blockchain-based international transfers.

Future Expansion Plans

Under Bergquist’s leadership, Coinme continues developing new features for international payments. The company’s focus includes expanding geographic coverage, enhancing integration capabilities, and improving user experience for cross-border transactions.

Coinme’s platform evolves to address emerging needs in international payments. Recent enhancements include improved settlement speeds, expanded currency support, and advanced reporting capabilities for partner institutions.

Market Impact

Financial institutions increasingly recognize the advantages of Coinme’s approach to cross-border payments. The platform’s combination of technical innovation, regulatory compliance, and practical implementation helps partners offer competitive international transfer services.

Through its enterprise solutions, Coinme continues reshaping how businesses handle international payments. As cross-border transaction volumes grow, the company’s platform provides a tested framework for institutions seeking efficient, compliant payment solutions.

Learn more: CEO at Coinme Explains How their Company Makes Bitcoin (BTC) Accessible for Everyone