OKLink, the Singapore-based blockchain powered cross-border settlement network announced today that users can now transfer up to BRL 30,000 to bank accounts via payout partners in Brazil.
The total delivery fees are as low as 1%, calculated at the mid-market exchange rate with no hidden charges, with delivery in two days or less.
Using OKLink, licensed money remitters and other businesses can allow customers to send money to Brazil and a quick and cheap rate.
The network said the API connection for Brazil will be integrated shortly.
Payouts are currently available at 9 major Brazilian banks, including Banco Do Brasil, Bradesco Seguros, Caixa, Ecobank, Santander, and Sicoob.