<!-- Markdown twin of https://payments.gi/jurisdictions/united-states-florida/w9/. Same text as the HTML page; the HTML page is canonical. -->
title: US-FL — Product Innovation & Market Development (W9) | World Payments Monitor
canonical: https://payments.gi/jurisdictions/united-states-florida/w9/
### W9 Product Innovation & Market Development Probable re-verified 2026-10-18 · changed 2026-07-05

Florida combines sustained state-level fintech-innovation institutions (Blockchain Task Force, OFR Office of Fintech Policy) with 2026 product-enabling legislation for stablecoin issuance and government use, and an active private-sector product pipeline in cross-border/remittance fintech centred on Miami.

Standing sub-brief · as of 5 July 2026 97 words · last cycle 2026-07-05

#### Product Innovation & Market Development

Félix, a Miami-based remittance fintech, operates a WhatsApp-native remittance product requiring no app download, using stablecoins behind the scenes to improve cost and speed on the US-Mexico, Guatemala and Honduras corridors. Its emergence sits alongside the state's own Stablecoin Pilot Program for government fee payments, illustrating parallel public- and private-sector stablecoin product innovation emerging from Florida.

#### Outlook

Watch for continued scaling of stablecoin-enabled remittance products such as Félix's as the state's stablecoin-issuer licensing regime comes into substantive force in October 2026, and for whether incumbent MTOs respond with their own stablecoin-rail integrations.

no periodic updates on record for this sub-brief

** Sources and findings (4 unique sources · R-3/R-4)**

1.

[W9-E1] T2 Derived: Confirmed [in_force https://practiceguides.chambers.com/practice-guides/blockchain-crypto-assets-2026/usa-florida/trends-and-developments](https://practiceguides.chambers.com/practice-guides/blockchain-crypto-assets-2026/usa-florida/trends-and-developments) re-verified 2026-07-05

<cite index="26-16,26-17,26-18">Florida's Blockchain Task Force, created and signed into law in 2019, led to a 2020 committee report and funding for a permanent Office of Fintech Policy within OFR</cite>.

2.

[W9-E2] T1 Derived: Confirmed [in_force https://flvoicenews.com/florida-lawmakers-approve-stablecoin-pilot-program-allowing-digital-payments-for-state-fees/](https://flvoicenews.com/florida-lawmakers-approve-stablecoin-pilot-program-allowing-digital-payments-for-state-fees/) re-verified 2026-07-05

<cite index="22-12">Lawmakers say the program could make Florida the first state under the federal GENIUS Act framework to accept stablecoin payments for certain government fees</cite>.

3.

[W9-E3] T3 Derived: Probable [in_force https://refreshmiami.com/news/felix-is-turning-whatsapp-into-a-remittance-engine-for-400000-immigrants/](https://refreshmiami.com/news/felix-is-turning-whatsapp-into-a-remittance-engine-for-400000-immigrants/) re-verified 2026-07-05

<cite index="71-4,71-6">A Miami-based remittance product runs entirely on WhatsApp with no app to download, letting users send a voice note to trigger an instant transfer</cite>, illustrating Florida-based product innovation in cross-border payments.

4.

[W9-E4] T1 Derived: Confirmed [in_force https://www.aarp.org/states/florida/florida-house-bill-505-virtual-currency-kiosks/](https://www.aarp.org/states/florida/florida-house-bill-505-virtual-currency-kiosks/) re-verified 2026-07-05

<cite index="120-3">HB505 formally regulates rather than bans virtual-currency kiosks, limiting losses while ensuring transaction-detail disclosure</cite>, indicating continued state accommodation of the crypto-cash on/off-ramp product category.