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Nalezeno "Remittances": 248

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...

World Wide Web Inventor Tim Berners-Lee Says Crypto Is ‘Really Dangerous’ but Can Be Useful for Remittances

23.2.2023
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 noted that it could be useful for remittances. Sir Tim Berners-Lee...

Bitcoin Lightning Network growth is organic, coming from real-world adoption

22.2.2023
Bitcoin Lightning Network adoption receives a boost with the launch of USD payments and decentralized social media platform, Nostr

Strike Expands Lightning Network-Powered Remittances to Philippines

31.1.2023
The Philippines is one of the world’s largest remittance markets, at $35 billion

Central African Republic eyes legal framework for crypto adoption

22.1.2023
A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in Central African Republic and expedite the development of the national economy

Aussie 'Big 4' bank mints stablecoin for carbon trading and remittances

19.1.2023
This marks the second "Big 4" bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy

Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China

10.1.2023
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 strongly associated with a surge in international remittances to China....

The driving forces behind crypto adoption in Latin America in 2022

22.12.2022
Inflation has fueled crypto growth in the region, stimulating asset tokenization and remittance infrastructure development

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...

Remittances to Low and Middle Income Countries in 2022 Up by 5% to $626 Billion — Latest World Bank Report

7.12.2022
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. Africa, where the cost of sending $200 averaged 7.8% in 2022, is the “most severely exposed...

Strike partners with Bitnob to facilitate cross-border payments into Africa

6.12.2022
On stage at AfroBitcoin, Strike CEO Jack Mallers announced plans to improve remittance payments into Africa thanks to the Lightning Network on Bitcoin

Ripple Partners With Africa-Focused Remittances and Payments Firm MSF Africa

18.11.2022
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.” The evolution of Ripple’s partnership with MSF Africa, which has...

FTX Collapse: African Crypto Industry Leaders’ Perspective and Advice to Regulators

16.11.2022
The collapse of FTX and subsequent calls for tougher regulation by the likes of U.S. Senator Elizabeth Warren have increased the likelihood of regulators adopting even stricter crypto laws. In Africa, crypto industry participants warn of the unintended consequences arising from rushed...

Bank of Korea Tested NFT Trading, Remittances With CBDC: Report

7.11.2022
The central bank has completed a 10-month-long experiment of a digital South Korean won

Lebanese Mint, Keep, Spend Crypto Amid Crisis, Report Unveils

7.11.2022
Living in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed. From earning much needed income through mining and work, to storing wealth and paying in stores, bitcoin, tether and other cryptos have started to push aside...