Who Uses AFXO in Latin America
From remittance providers processing the world's largest corridor to DeFi protocols building LatAm stablecoins—AFXO serves organizations that need FX data reflecting market reality.
Remittance Providers
USD to MXN is the largest remittance corridor globally. USD to BRL and USD to COP round out the top LatAm destinations. Pricing accuracy directly impacts margins and competitive positioning.
The Challenges
- xHigh-frequency rate changes in volatile markets
- xMultiple rate tiers (Argentina's parallel rates)
- xCompliance requires rate justification
- xThin margins demand precise pricing
How AFXO Helps
- +High-frequency updates for volatile pairs
- +Contextual rate data (blue dollar, MEP, CCL)
- +Audit trail for compliance
- +Confidence scoring for risk management
DeFi on LatAm
Protocols building LatAm stablecoins, lending products, or DEXs need on-chain FX data that reflects market reality—not just official rates that nobody trades at.
The Challenges
- xNo Chainlink feeds for most LatAm currencies
- xOfficial rates don't reflect market reality
- xHigh-inflation currencies need frequent updates
- xMulti-chain deployment requirements
How AFXO Helps
- +On-chain data for BRL, MXN, ARS, COP, CLP, PEN
- +Market-reflective rates, not just official
- +High-frequency updates for volatile pairs
- +Deployed on Avalanche, Polygon, Ethereum
Cross-Border Commerce
Mexico-US trade exceeds $700B annually. Brazil's e-commerce exports are growing rapidly. Settlement requires FX pricing that reflects actual transaction costs.
The Challenges
- xTrade invoicing FX exposure
- xSettlement timing vs rate timing mismatch
- xCurrency fluctuation risk management
- xMulti-currency accounts reconciliation
How AFXO Helps
- +Historical data for contract pricing
- +Point-in-time rate verification
- +Volatility metrics for hedging decisions
- +Audit-ready data export
Fintechs & Neobanks
Latin American fintechs building cross-border products need FX infrastructure that understands local market complexity—from Brazil's IOF tax to Argentina's capital controls.
The Challenges
- xGeneric global data doesn't fit LatAm
- xMultiple rate regimes (Argentina)
- xTax implications (Brazil IOF)
- xRegulatory compliance across jurisdictions
How AFXO Helps
- +Purpose-built for LatAm markets
- +Contextual understanding of each currency
- +Single integration, regional coverage
- +API-first, developer-friendly
Treasury Operations
Corporates with LatAm operations face FX exposure across currencies with very different risk profiles—from stable Chile to volatile Argentina.
The Challenges
- xMulti-country exposure aggregation
- xHedge effectiveness measurement
- xFinancial reporting in high-inflation environments
- xIntercompany transfer pricing
How AFXO Helps
- +Consistent methodology across currencies
- +Historical data for accounting
- +Rate snapshots for reporting dates
- +Volatility metrics for risk assessment
Crypto Exchanges
Exchanges offering local currency pairs need reliable fiat FX reference rates for pricing, settlement, and regulatory reporting.
The Challenges
- xReal-time FX for trading pairs
- xSettlement rate determination
- xRegulatory reporting requirements
- xManipulation resistance
How AFXO Helps
- +Multi-source aggregation
- +Confidence scores for circuit breakers
- +Audit-ready provenance data
- +Chainlink-compatible interface
The Common Thread
Every use case above shares a common problem: generic global FX infrastructure doesn't work for Latin American markets. The currencies aren't covered properly. The rates don't reflect parallel market reality. The update frequency doesn't match high-inflation needs.
AFXO exists because these organizations need FX data infrastructure that understands LatAm market realities—Argentina's multiple exchange rates, Brazil's commodity linkages, Mexico's deep liquidity—not as edge cases, but as the core design principle.
Whether you're building a remittance app for the US-Mexico corridor or a DeFi lending protocol for Brazil, if your users transact in LatAm currencies, you need data that reflects how those currencies actually work.
Early Stage?
Building something new in LatAm fintech? Start with our Sandbox tier. Free access to indicative data for testing and development.
Start FreeEnterprise Needs?
Custom SLAs, dedicated support, and full currency coverage. Talk to our team about enterprise requirements.
Contact SalesReady to Build?
Technical documentation, API references, and integration guides are available on afxo.ai.