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Twitter Gains Money Transmitter Licenses in Three States, Takes Steps Towards Becoming an All-in-One ‘Everything App’
6.7.2023
Twitter made an announcement on July 5, revealing that it has been granted money transmitter licenses by three states: Missouri, Michigan, and New Hampshire. These licenses are a part of Twitter’s endeavor to secure money transmitter licenses in all 50 U.S. states. With these recent...
Australia marks first FX transaction using a CBDC as eAUD pilot continues
18.5.2023
The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain
Kenya considers tax on crypto, NFT transfers and online influencers
5.5.2023
A bill introduced in Kenya could see a tax added to cryptocurrency and NFT transfers and has been met with a mixed reaction online
Jack Mallers' Strike Service, Send Globally, Tackles Bitcoin-Fiat Remittances
17.4.2023
The new Lightning-based service lets users in the U.S. send even small cash payments to parts of Southeast Asia and Africa quickly and cheaply. Eventually, the service will be available throughout the world, giving foreign workers everywhere a new way to send their pay back home. That’s why Send...
Experts Predict Crypto Will Save Americans Billions in Remittance Fees Every Year – Here's What You Need to Know
5.4.2023
Crypto could save Americans billions of dollars in costs related to remittance payments to places like Asia and Latin America, data compiled by Coinbase shows.
According to a blog post published by Coinbase this week, Americans spend more than $12 billion a year on fees alone related...
Crypto could eliminate 97% of traditional remittance fees: Coinbase
4.4.2023
U.S. consumers sending international bank transfers pay more than $12 billion annually in remittance fees alone
Crypto Accounts for Less Than 2% of El Salvador’s Remittances – Has BTC Adoption Plan ‘Failed?’
2.3.2023
Crypto accounts for less than 2% of all of the remittances made to El Salvador, new government figures show. And critics say this is proof that the nation’s Bitcoin (BTC) adoption plan has failed....
Read More: Crypto Accounts for Less Than 2% of El Salvador’s Remittances – Has BTC Adoption Plan...
Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders
1.3.2023
Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the “first cross-chain collaboration between the...
PayPal Xoom adds cross-border remittance on debit card deposit
13.1.2023
PayPal’s cross-border remittance service called Xoom partnered with Visa Direct to allow debit card holders to receive funds within minutes
Bitso Partners With Felix Pago to Offer Whatsapp-Based Remittance Services Between Mexico and US
14.12.2022
Bitso, a Latam-focused cryptocurrency exchange, has partnered with chat-based payments provider Felix Pagos in order to offer Whatsapp-integrated remittances. The objective of this partnership is to put nearly instant chat-based remittances in the hands of Mexican and US users that might...
Why crypto remittance companies are flocking to Mexico
16.10.2022
Mexico has a burgeoning crypto remittance market that has immense potential
Japan to Toughen Remittance Rules to Fight Money Laundering Using Crypto: Report
27.9.2022
The new rules would require crypto exchange operators to share customer information when assets are transferred between platforms
Nigerian BTC Peer-to-Peer Volumes Nearly $400M in H1 of 2022 — Significant Growth in Kenya and Ghana Volumes
25.8.2022
Nigeria’s peer-to-peer bitcoin traded volumes of over $1.1 billion between January 2021 and June 2022 mean the West African nation is now Paxful’s largest market. Kenya, which saw traded volumes of over $325 million during the same period, now ranks as the crypto exchange’s...
Flutterwave Kenya License Controversy: Fintech Giant Reportedly Applied in 2019
11.8.2022
The Nigerian fintech unicorn, Flutterwave, reportedly said it submitted an application for a payment service provider license to the Central Bank of Kenya back in 2019. The fintech also said it has remained in constant contact with the central bank and is hopeful it will get the license....
Nigerian Central Bank Told to Consider Floating the Naira, Recent Interest Rate Hike Slammed
2.8.2022
The Central Bank of Nigeria should be discontinuing the fixed exchange rate system and let the naira freely float against the major currencies, Alhaji Aminu Gwadabe, the leader of a Nigerian association of bureau de change operators has said. The leader also slammed the recent adjustment of...
Cryptocurrencies a ‘Good Alternative to Traditional Settlement Processes’ — Study
25.7.2022
Cryptocurrencies can be a good alternative to conventional settlement processes because they are underpinned by blockchain technology which enables the instant finalization of transactions without the involvement of intermediaries, a new report has said. Some players in the cross-border money...
Why Migrants Are Turning to Crypto: The Key to Attaining the UN Goal to Reduce Remittance Costs to Less Than 3% by 2030
14.7.2022
The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Bank has shown. On the other hand, the cost is much lower than the target when cryptocurrencies...
Crypto Exchange Bitso Launches Remittance Service in Colombia
11.7.2022
Bitso, a Mexican-based, Latam operating cryptocurrency exchange, announced it is launching a remittance service in Colombia. The company will now allow its customers in Colombia to send and receive remittances using dollar-pegged stablecoins on the platform. The exchange launched a similar service...
Latin American Exchange Bitso Brings Crypto Remittance Service in Colombia
7.7.2022
The company launched a similar business in Mexico in 2021
Moneygram Launches USDC Crypto-to-Cash Program in Certain Markets
12.6.2022
Moneygram, a remittance and payments company based in the U.S., has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its cash to crypto and crypto to cash program. The company will first allow users to exchange USDC for cash and vice versa in certain markets...