Category: Fintech

In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System Pix

Lubomir TassevBanco Central do Brasil, Banks, BCB, Bitcoin, Brazil, Brazilian, cards, Central Bank, crypto, Cryptocurrencies, Exchanges, Financial Institutions, Fintech, money, payment system, QR

In Response to Bitcoin, Central Bank of Brazil Presents Instant Payment System PixBanco Central do Brasil has started testing a new payment network with the promise to offer Brazilians near instant transactions and many new services. Portrayed as a response to Bitcoin, the Pix system will be mandatory for major financial institutions to ensure wide coverage. The project aims to limit the use of paper money and […]

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Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies

Lubomir TassevAfrica, Banks, BCH, bitcoin cash, Cryptocurrencies, data, digital platforms, digital remittances, expatriates, Fees, Fintech, Latin America, Mexico, MIgrants, money transfers, Remittances, report, Ripple, service providers, Statista, Statistics, Transactions, transfers, U.S., users, Workers, World Bank, XRP

Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for CryptocurrenciesIn a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies. Also read: Russians Can Use Qiwi, Sberbank, Yandex Money […]

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