CryptoWorld News reports that Kustodia officially launched its smart contract custody service in Mexico today, aiming to protect high-value peer-to-peer transactions. Buyers and sellers can use Mexico's instant payment system SPEI to conduct transactions, with funds locked in audited smart contracts until both parties confirm delivery. According to Juniper Research, the global economy lost $443 billion to payment fraud in 2024, with Latin America having the highest fraud rate, resulting in a 20% annual revenue loss for merchants. Kustodia also supports operations via WhatsApp, allowing users to avoid worrying about cryptocurrency price fluctuations, as all transactions are settled in pesos. The platform's initial focus is on Mexico's used car market, with an average transaction value of $15k, where the fraud risk is highest.

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