News from UMA: Send Money in Seconds from the U.S. to Mexico with Universal Money Address (UMA)

News from UMA: Send Money in Seconds from the U.S. to Mexico with Universal Money Address (UMA)

Dec. 20, 2024: Sending money from the United States to Mexico just became faster and simpler. For the FIRST TIME, US bank account holders can send USD instantly to Mexican bank holders, who will receive MXN in seconds. It’s real-time and available 24/7/365. This new solution showcases the power of Bitcoin and Lightning as a global settlement asset and network.

Now you can instantly transfer USD to MXN using Universal Money Address (UMA)—no delays, no complications—no waiting for a location to be open or for money to take days to travel. UMA delivers seamless cross-border payments for sending money to friends and family and makes sending money as simple as sending an email⚡🌐💸.

How It Works:

UMA Changes the Game:

• Instant Transfers: Send money in seconds—no more waiting for days or worrying if the bank is open.
• Fiat to Fiat Solution: Transfer funds directly from USD in the U.S. to MXN in Mexico.
• Convenient: You don't need to download a new app; UMAs work with your existing bank and are interoperable.
• Simple: Uma is like an email; there’s no need to remember complex banking information or learn about new technology. 
• Shareable: A streamlined invitation flow makes it easy to encourage friends or family members to get their UMA and send or receive money.
• Universal Access: Any U.S. bank account holder can send funds to any Mexican bank account holder.
• Compliant and Secure: UMA meets requirements for money transfers, meaning you can trust that your funds will reach your friends and family.

This breakthrough uses Lightspark Extend, a cutting-edge solution that leverages Lightning to ensure ultra-fast, cost-effective transactions. 

Why This Matters

The volume of payments is significant - in 2024, cross-border consumer payments between the U.S. and Mexico are projected to reach a record-breaking $65 billion, while business transactions are expected to total approximately $840 billion. With UMA, sending money back is faster, more affordable, and accessible to consumers and businesses alike.

Global Impact

UMA isn’t just transforming payments between the U.S. and Mexico. By the end of 2024, it’s estimated that UMA will be available to nearly 300 million customers in 140 countries and 100 currencies, creating a truly global financial solution.

Get Started Today

Ready to send money in seconds? Sign up for UMA now.