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IMF Working on Platform to Support CBDC Cross-Border Interoperability
21.6.2023
The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF Managing Director Kristalina Georgieva, this would...
TBD and Yellow Card to Enable Fiat On and Off-Ramp Payments in 16 African Countries via BTC
18.4.2023
TBD and the Africa-focused cryptocurrency exchange platform Yellow Card recently partnered to launch a fiat on and off-ramp that enables payments in some 16 African countries through Bitcoin rails. The objective of this arrangement is to make cross-border payments not only more affordable...
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...
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
Africa: The next hub for Bitcoin, crypto adoption and venture capital?
29.3.2023
Cointelegraph’s Elisha Owusu Akyaw shares how cryptocurrency is changing the financial landscape in Africa — and the opportunities and challenges that come with it
Zebedee Debuts Global Payment Service Powered by Bitcoin’s Lightning Network
28.3.2023
The service is currently available in the U.S., UK, EU, Brazil and the Philippines, but Zebedee plans on expanding the service to accommodate “all countries and currencies across the world.”
Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank
19.3.2023
Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Bank of Rwanda, which allow it to offer its services to more than 13 million people living and working in Rwanda. According to Flutterwave’s representative in the country, the two licenses...
India, UAE to explore CBDC bridge to facilitate trade, remittances without USD
16.3.2023
The bridge would be the second for the UAE, whose banks successfully participated in the mBridge project last year with Hong Kong, China and Thailand
India, UAE Collaborate to Boost Cross-Border Central Bank Digital Currency Transactions
16.3.2023
India’s central bank, the Reserve Bank of India (RBI), and the Central Bank of the United Arab Emirates (UAE) have agreed to collaborate on cross-border central bank digital currency (CBDC) transactions of remittances and trade. The initiative is “expected to reduce costs, increase efficiency...
Crypto Seen as Investment Opportunity in the MENA Region Says Iceberg Capital Executive Chairman
7.3.2023
While interest in digital assets has waned in some parts of the world, in the Middle East and Northern Africa adoption of crypto has been skyrocketing according to Mustafa Kheriba, the executive chairman of the asset management firm Iceberg Capital Limited. According to Kheriba, factors such...
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...