Ripple’s ODL remittance technology will expand further into the Asia Pacific, thanks to Tranglo‘s new partnership with EzyRemit, one of Australia’s fastest-growing fintech companies....
Tag: Remittances
World Wide Web Inventor Tim Berners-Lee Says Crypto Is ‘Really Dangerous’ but Can Be Useful for Remittances – Featured Bitcoin News
World Wide Web inventor Sir Tim Berners-Lee says cryptocurrency is “really dangerous” and “only speculative.” While claiming that crypto is for those who “want to have a kick out of gambling,” he note...
Strike Launches Lightning Remittances in the Philippines
Bitcoin fintech giant Strike rolled out its Lightning Network money transfer service Send Globally in the Philippines, a $35 billion remittance market. Send Globally launched in the Southeast Asian co...
Strike Brings Bitcoin Lightning-Based Remittances to the Philippines
Strike – a Bitcoin payment company and wallet provider – has expanded its “Send Globally” feature to the Philippines, allowing locals to receive lightning-based remittances directly to their bank acco...
Aussie ‘Big 4’ bank mints stablecoin for carbon trading and remittances
National Australia Bank (NAB) is set to become the second “Big 4” Australian bank to launch an Australian dollar-pegged stablecoin on the Ethereum network. Set to launch sometime in mid-2023, the AUDN...
Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China – Bitcoin News
A newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is...
Ripple to Facilitate Remittances from 19 European Countries to Africa via Its Partner
Tomiwabold Olajide Ripple-enabled remittances to flow from 19 European countries to Africa Ripple-enabled remittances would soon expand into Africa from 19 European countries via Nala, a Tanzanian fin...
Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report – Economics Bitcoin News
Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% to $626 billion, the World Bank Migration and Development Brief has said. Af...
Strike To Allow Africans Receive Remittances In Fiat Using Bitcoin’s Lightning Network
– Advertisement – Africans will be able to receive global payments in fiat through the Bitcoin lightning network at no cost to the senders. Strike, in a press release today, has revealed t...
Ripple Partners With Africa-Focused Remittances and Payments Firm MSF Africa – Fintech Bitcoin News
Ripple, the United States-based tech firm, has said its crypto solution known as “on-demand liquidity” is set to help MSF Africa “streamline real-time mobile payments for customers in 35 countries.” T...
Bank of Korea successfully tests remittances with CBDC Test
The Bank of Korea, the central bank of South Korea, has successfully tested a program facilitating remittances across countries by linking central bank digital currencies (CBDCs) from different countr...
Remittances drive ‘uneven, but swift’ crypto adoption in Latin America
Remittance payments, fiat fears and profit-chasing have been the three most significant drivers of crypto adoption in Latin America, according to a new report. The seventh-largest crypto market in the...
Ripple Remittances Partner Says SEC’s Claim That XRP Is an ‘Investment Contract’ Is False
A partner company of payments platform Ripple says the U.S. Securities and Exchange Commission’s (SEC) claims that XRP is an investment contract are untrue. According to new documents, I-Remit, a glob...
Ripple ODL Partner To Facilitate Cross-Border Remittances from Canada to Mexico in New Partnership
– Advertisement – Ripple’s ODL solution has been tapped for cross-border settlements from Canada to Mexico. Ripple On-Demand Liquidity (ODL) cryptocurrency exchange Bitso has partnered ...
Lightnet secures $50 million LDA capital commitment for remittances
The Lightnet Group said it has secured a $50 million capital commitment from LDA Capital to expand blockchain technology for remittances. Singapore-based Lightnet will have the option to increase the ...
XRP To Enable Remittances Transfer Across These Countries
In recent years, payment company Ripple has seen important growth due to its XRP-based solution On-Demand Liquidity (ODL). In collaboration with exchange platforms and other partners, the company has ...
South Korean Regulators Investigate Banks Following $6.5B in Suspicious Remittances
Banks based in South Korea are under investigation for allegedly enabling $6.5 billion in illegal overseas remittances. These remittances were linked to the companies dealing in cryptocurrency arbitra...
Ripple to Power Remittances Between Japan and Thailand via New Partnership
Gamza Khanzadaev Ripple unites with SBI again but now in a new Inter-Asian project Crypto company Ripple announced the launch of a new joint project with SBI Remit to streamline Japan-Thailand money t...
ECB believes CBDCs are better than Bitcoin for cross-border remittances
The European Central Bank’s (ECB) latest study regarding an ideal cross-border payment system claims central bank digital currencies (CBDCs) are superior to Bitcoin, stablecoins, and other traditional...
South Korean Financial Regulators Look Into Suspicious $3.2 Billion Remittances With Crypto Links
– Advertisement – The Korean Financial Supervisory Service (FSS) probes all banks as they investigate suspicious foreign exchange transactions. South Korean news agency Yonhap reveals in a...
Bitso arrives in Colombia with a proposal for crypto transactions to boost remittances
The most dominant crypto exchange in Latin America, Bitso, spoke about its expansion plans in Colombia. The crypto company will give freedom for Colombians to transfer their remittances through dollar...
El Salvador’s Bitcoin wallet Chivo scores $52M in remittances in 2022
Salvadorans living abroad hsent over $50 million in remittances from January to May this year, according to the El Salvador Central Reserve Bank. Douglas Rodríguez, president of the El Salvador centra...
Bitso Processed $1B YTD in Crypto Remittances between Mexico and US
The figure represents a 400 percent spike in Bitso growth compared to the same time last year. Bitso, a crypto exchange focused on the South American market, announced that it processed $1 billion YDT...
Bitso Processed $1B in Crypto Remittances Between Mexico and the US so far in 2022
“There’s no doubt that the Mexico-U.S. corridor is an extremely important market for us. Many people within that corridor depend on remittances to meet their basic needs and this drives our commitment...
Ripple-Based Remittances Now Available to 54 Million Customers per New Bexs Partnership
Bexs Pay, a Ripple user, has now announced yet another partnership, bringing Ripple remittance services to over 54 million Latin American users. Bexs Pay will now be in charge of transactions made thr...
Stablecoins Are The Future Of Remittances, Says MoneyGram CEO
In recent years, major corporations have been looking for ways to incorporate cryptocurrencies into their operations. So naturally, these companies want the benefits of blockchain without having any r...
MoneyGram to Partner With Stellar to Provide Stablecoin Remittances
One of the largest money transfer services in the world – MoneyGram – plans to enable users to send stablecoins and convert them to fiat currency. The company will collaborate with Stellar Blockchain ...
MoneyGram CEO bets stablecoin remittances are the future despite the chaos in the sector
As the cryptocurrency market expands all over the world and across industries, major corporations are seeking ways to jump on the bandwagon and incorporate digital currencies (such as stablecoins) int...
Crypto remittances must have allure of cash without regulatory constraints — Jeremy Allaire
Digital cash systems built on the blockchain must retain the qualities of physical money in order to attract more users in developing countries — and must be able to do so without regulatory constrain...
Mexican Remittances Are the Continent’s Largest; Crypto Companies Want a Cut
In November Bitso also partnered with Circle, a peer-to-peer payments company, to launch a new international wire transfer product called Bitso Shift. It’s designed for small businesses and freelancer...