Reportedly, Mexico is the second-largest recipient of remittances in the world. According to World Bank statistics. Remittances to the nation soared to a record $5.3 billion in July, which is a 16.5% increase year-over-year compared to the same period last year. This steady growth represents many myriad opportunities for fintech companies. Interestingly, crypto companies are flocking to Mexico to claim a share of the burgeoning remittance market.