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Bitcoin in Zimbabwe: Importing cars and sending money to family
21.6.2022
A young Zimbabwean Bitcoiner built out a business with Bitcoin — importing cars and sending remittance payments — when he returned to his homeland during the COVID-19 pandemic
Bitso Processed $1B in Crypto Remittances Between Mexico and the US in First Half of 2022
16.6.2022
The company hopes to capture 10% of global money transfers to the Latin American country by 2023
MoneyGram’s USDC transfer service launches in several countries
10.6.2022
The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.”
40% of Surveyed Lower-income Individuals Want to Use Bitcoin - Not to Make Money
1.6.2022
A report from Jack Dorsey’s Block, Inc. (formerly Square) has concluded that bitcoin (BTC) will play an increasingly large role in the payment and remittance sectors – and that the more people’s peers own BTC, the more likely they are to invest....
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Crypto remittances must have allure of cash without regulatory constraints — Jeremy Allaire
23.5.2022
The CEO of Circle joined Ripple’s Brad Garlinghouse and Asif Saleh of BRAC in a panel discussion at the World Economic Forum Annual Meeting
Robinhood Opens Crypto Wallets to 2M Clients, Bets on Global Bitcoin Remittances
29.4.2022
Earlier this month, the US online trading platform Robinhood provided about 2m customers from its waitlist with crypto wallets, and this week completed the full roll-out of this functionality to all clients, the company said on the occasion of the release of its results for the first quarter...
Mexican Remittances Are the Continent’s Largest. Crypto Companies Want a Cut
27.4.2022
Bitso, Coinbase and Circle have launched new services, tapping into the money flow between Mexico and the US and taking on established players like Western Union
The world doesn’t need banks, policymakers or NGOs — It needs DeFi
17.4.2022
DeFi can usher in a system where people don’t have to pay international corporations 10% to send money home in the internet era of Web3
Crypto users in Africa grew by 2,500% in 2021: report
21.3.2022
A recent report by KuCoin reveals that the number of crypto transactions has increased by 2,670% in some African countries
Western Union Suspends Operations in Russia, Belarus Over Ukraine War
12.3.2022
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well as those in Belarus, an ally of Moscow, backing its military operation. Western...
How are Afghans using crypto under the Taliban government?
22.2.2022
Afghans have shown great interest in cryptocurrencies and some are using them to avoid U.S. sanctions and get paid from other countries
Coinbase to Allow Remittance Receivers in Mexico to Cash Out in Local Currency
19.2.2022
Coinbase, a leading U.S.-based exchange, has announced it will now allow remittance receivers in Mexico to cash out the funds received through its service in local currency. This marks the first foray of the company into the Mexican remittance business, allowing customers to cash out in more than...
UAE Based Money Transfer Firm Announces Partnership With Ripplenet
28.1.2022
Al Fardan Exchange, a money transfer firm, has joined up with Ripplenet in a deal that will see the company use the Ripplenet blockchain when sending funds across national borders. Al Fardan’s Reasons for Joining Ripple A United Arab Emirates (UAE)-based money transfer platform, Al Fardan...
Volcanos, Bitcoin and remittances: A Tongan lord plans for financial security
14.1.2022
A former lawmaker from the island nation wants to use Bitcoin to secure his country’s financial security
Tonga to copy El Salvador bill making Bitcoin legal tender says former MP
13.1.2022
In a ruling that is "almost identical to the El Salvador bill," Tongan bigwig Lord Fusitu'a anticipates that his country could adopt Bitcoin by November
An African Perspective on Why the World Needs Cryptocurrencies
29.12.2021
Rising cryptocurrency use in Africa over the past few years has not only shown that digital currencies are now a vital means of moving funds across borders and between people, but that cryptocurrencies are also an important means of accessing global markets for the financially excluded....
Creator of App for Remittances to Africa and Asia Raises $65 Million in Series B Round
26.12.2021
Tap Send, the creator of a remittances app of the same name, revealed it has raised $65 million in a Series B funding round. The fintech firm plans to use the funds to build a cheaper and faster cross-border money transfer platform. Remittances to Overlooked Countries The fintech startup behind...
Pandemic Drove Adoption but Information Dissemination Just as Important: Kenya-Based Blockchain Advocate
2.12.2021
The adoption of blockchain technology and the use of cryptocurrencies by people in Africa surged to unprecedented levels in 2020. While many have attributed this to Covid-19, blockchain advocates believe their work is partly the reason many are turning to digital currencies. Importance of Education...
Nigerian Remittances Rebound as Country Tops Sub Sahara Africa — Sending Costs Still High
21.11.2021
Nigeria is once again Sub Sahara Africa’s biggest recipient of remittances into the region where the money transfers went up by 6.2 percent to $45 billion, a new World Bank report has shown. The Impact of Nigerian Policies on Remittances According to the November 17, 2021 press release, this...
IMF Says Nigerian CBDC Drawing Global Interest, Warns of Associated Risks
18.11.2021
The International Monetary Fund (IMF) has acknowledged that the recently launched Nigerian central bank digital currency (CBDC) is attracting interest from many institutions globally, including central banks. Still, the fund warns that the CBDC carries risks for monetary policy implementation...