The global remittance industry is huge. World Bank data shows that over $148 billion was sent abroad from the U.S. alone in 2017. As people leave nations gripped by hyperinflation, or simply move to look for better opportunities abroad, sending cash back home becomes a necessity. As the people in Venezuela are discovering, this can be […]
Global payments firm Netpay International has partnered with Israeli firm BNC LedgerTech to use its blockchain-based tool: report
Remittance company SendFriend sees investments from Ripple, Mastercard, MIT Media Lab and Barclays
UAE-based payments and foreign exchange firm Finablr partners with RippleNet to launch cross-border payments with Thailand
The Venezuelan government has begun regulating cryptocurrency remittances. The regulator has set a monthly limit and will be collecting commissions of up to 15 percent of the transaction amount. Additionally, new details of its comprehensive registry of crypto service providers have been announced. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations […]
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The United Arab Emirates’ central bank and the Saudi Arabian Monetary Authority have announced details of their interbank digital currency
The National Bank of Kuwait has integrated RippleNet’s blockchain technology to expedite cross-border money transfers
With the New Year around the corner, startups as well as established players in the cryptocurrency industry have announced plans for new products and services. In The Daily today we cover the upcoming premieres of two Mimblewimble-based coins, the planned launch of a low-fee, crypto-based remittance service in Asia, and the intentions of two leading […]
The post The Daily: Mimblewimble Coins Prepare to Launch, New Remittance Platform Announced appeared first on Bitcoin News.
A digital currency for remittances and digital payments will be released in March by Japanese giant Mizuho Financial Group
A new report by a blockchain-focused research company asserts that there has been a spike in people using cryptocurrencies to send remittances. This growth is in part due to the high costs incurred when using more traditional methods such as Paypal. Also read: Seven Cryptocurrency Trends to Look out for in 2019 Easier, Cheaper, Faster The […]
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