bridge21.io Announces Bridge Rate for Transfers From the US to Mexico
Denver, Colorado , April 5, 2017 (Newswire.com) - bridge21.io, a Denver-based global payments provider serving individuals and businesses, today announced Bridge Rate, better than mid-market pricing from the US to Mexico.
Bridge Rate at times can be 2%, 5% or even 10% better than competitor rates.
Currently live from the US to Mexico, bridge21.io services anyone with a US bank account who would like to send money to a recipient with a Mexican bank account. This week, the team announced an exclusive pricing feature to notify users of drastic reductions in pricing for US to Mexico remittance.
How does it work and why can bridge21.io provide such reduced rates?
bridge21.io CEO Will Madden, stated, “We’ve created a money transfer service that works in an entirely new way. Our rates are based on the price of digital cash in the sending and receiving countries, not the bank exchange rates used by everyone else. This means we can often send money at rates no other money transfer company or bank can offer. It’s common for us to be able to send to Mexico at 2% or even 5% below mid-market rates. I'm incredibly proud of our team for bringing real innovation to money transfer.”
Getting started takes 5 minutes or less and funds are sent from a US bank account to the recipient’s bank account and are received in minutes. To the customer, this is a normal bank to bank transaction.
Global trade has grown 50 times over since the 1970s, but cross-border payments haven’t changed much at all. As more money than ever crosses borders today, bridge21.io seeks to change the narrative of cross-border transfers to provide expedient and less expensive delivery of funds.
The company has ambitious goals for 2017 including expansion to several additional corridors to fulfill its mission of providing access to money without borders.
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Source: bridge21.io
