Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Decentralife on Stellar (XLM): 10 Years of Innovation with Bernardo Garcia and Félix
ADOPTION NEWS

Decentralife on Stellar (XLM): 10 Years of Innovation with Bernardo Garcia and Félix

By Crypto FlexsJuly 3, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Decentralife on Stellar (XLM): 10 Years of Innovation with Bernardo Garcia and Félix
Share
Facebook Twitter LinkedIn Pinterest Email





In a recent article on Stellar (XLM), Bernardo Garcia, co-founder of Félix, shared his journey and motivation behind creating an innovative payments platform to help Latino immigrants living in the U.S. A WhatsApp-based payments platform, Félix solves a critical problem faced by many immigrants by allowing users to send money to their relatives in Latin America.

Overcoming financial barriers

Garcia’s experience when he arrived in the United States highlighted the inefficiencies and high costs associated with the traditional banking system. He shared a personal story of losing 5% of his savings on a single international transfer due to bank fees. This experience highlighted the need for a more efficient and cost-effective solution for remittances.

“When I first came here, I had to do an international wire transfer from my Mexican bank account to my American bank account. I lost 5% of my savings in that one transaction,” Garcia explained. “Imagine 5% of your hard earned money or savings disappearing in one transaction. It was a really sad day.”

Felix’s Inspiration

Garcia and his co-founder Manuel were inspired by the plight of Latino immigrants, who often face greater financial barriers. Garcia emphasized that the Latino community is the fastest-growing demographic in the U.S. and is still largely underserved by traditional financial institutions.

“We had a very specific group in mind: the number of immigrants coming to the United States every year, a significant number of whom are Latinos like me, who are completely underserved,” Garcia said. “You can’t have a problem that big in a group that has that many people. We just wanted to help them.”

Felix’s influence

Félix was built with the goal of providing a stable and affordable solution for immigrants to send money back home. Garcia and Manuel were inspired by people they knew personally, such as Ophelia and Tere, who provided cleaning services, and Guadalupe and Augustine, who worked hard but struggled with the high cost of remittances.

“Manuel also knew people like Guadalupe and Augustin, who were very close to his brother, who were always working hard and trying to make the most of their money, and then getting crushed every time they had to move it,” Garcia said. “So those were the people we had in mind when we were creating Felix.”

For more from Bernardo Garcia, visit the original Stellar blog post.

Image source: Shutterstock



Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

AB starts in binance

June 7, 2025

ETF publisher’s latest warning -SEC’s approval process ‘Innovation, AIDS GIANTS’

June 7, 2025

Solana (SOL) introduces Alpenglow for faster blockchain agreement.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025
Most Popular

Canto Network Restarts After Outage Due to ‘Consensus Issue’

August 11, 2024

Binance Futures Introduces Taker Program Updates and Offers Fee Discounts

April 22, 2024

Exploring the Future of Cross-Chain Interoperability: An Interview with Dr. Weijia Zhang

November 26, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.