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South Korean Government Seeks to Regulate International Remittances Related to Crypto ‘Kimchi Premium’
22.4.2021
The famous gap in cryptocurrency prices in South Korean crypto exchanges and overseas ones known as “kimchi premium” raises some concerns among the nation’s government. The latest reports suggest that the country is planning to regulate international remittances tied to kimchi...
Thailand’s Largest Bank Snubs Ripple – Selects Stellar-based Blockchain for Cross Border Remittances
12.12.2020
In an apparent snub to Ripple, Thailand’s oldest bank, Siam Commercial Bank (SCB) is set to open a new cross border remittances corridor in partnership with Lightnet, a fintech company that uses the Stellar blockchain. SCB says the partnership opens the door for more efficient cross border...
Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation
2.9.2020
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another...
An Indonesian Chef and the Remittance Industry’s $554B Problem
13.6.2020
When the coronavirus forced Chef Bagus to conduct his cooking classes online, he needed a good payment system. There wasn't one, but his customers helped find a workaround
Venezuelan Migrants Are Using Bitcoin for Remittances, But There’s a Catch
17.10.2019
For many of these bitcoin users, crypto payments are merely a last resort and fiat transfers are still generally easier
PR: Telcoin Partners With Vimo – Leading Vietnamese Mobile Wallet
29.6.2019
Singapore and Hanoi, Vietnam — Telcoin Pte. Ltd., a fintech startup leveraging blockchain technology to facilitate high-speed, low-cost international remittances, today announced a partnership with Vimo Technology JSC, operator of leading Vietnamese digital wallet Vimo.
The post PR: Telcoin...