There’s now a cheaper, easier way for your friends and family in Mexico to cash out the crypto you…

There’s now a cheaper, easier way for your friends and family in Mexico to cash out the crypto you send them

By Shilpa Dhar, VP of Product, and Moheeth Alvi, Lead Product Manager, Payments

• Introducing an instant, convenient way for your friends and family in Mexico to cash out the crypto you send them.
• Initially, recipients in Mexico will be able to cash out crypto in local currency at over 37,000 locations across the country, or save the crypto they’ve received in their Coinbase account.

Free through March 31st

Coinbase customers in Mexico will be able to cash out their crypto using this new service free of charge through March 31, 2022. After that date, customers will be charged a nominal fee that’s still 25–50% cheaper than traditional cross border payment solutions.

We recognize this is a global issue. And while we’re starting in Mexico, over time we’ll consider other regions where customers face similar challenges.

Coinbase’s mission is to increase economic freedom around the world, and this new product is core to enabling that mission. We want to make it fast and easy for users to send crypto to anyone in the world, and allow recipients to participate in the cryptoeconomy. We’re just getting started.

There’s now a cheaper, easier way for your friends and family in Mexico to cash out the crypto you… was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.