News
The annualized transaction value of stablecoins surpassed $15.6 trillion in 2024, or 119% of those by Visa and 200% of Mastercard.
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Remittances News
A remittance is a payment document, such as a bank draft, check, money transfer, etc., which is made in a foreign currency. Remittances are delivered to a debtor or remitter in his/her national currency by the third party and then are sent to the foreign creditor to pay arrears. With the appearance of digital cryptocurrency, such as Bitcoin — now functioning as a third, independent currency — the era of the remittances industry, including other kinds of international money transfers, has reached a turning point. By using modern technological systems, it is easy to convert money into any possible fiat currency with Bitcoin without even leaving home. Also, virtual transactions prevent robbery, loss or damage of money and provide quite fast confirmations.
- Markets News
Stablecoin use in emerging markets soars despite the absence of crypto-friendly regulations and basic banking infrastructure. Will the US catch up to this trend?
2231 - News
Philippine banks are collaborating to launch the PHPX stablecoin for real-time remittances, leveraging Hedera’s DLT network and cross-border payment solutions.
7525 - News
The Siam Commercial Bank Public Company, founded in 1907, was the first bank established in the South Pacific country.
7690 - Podcast
Rapid and efficient humanitarian aid distribution is enhanced through the use of blockchain technology. Mercy Corps CIO Scott Onder explains how.
8648 - News
MoneyGram’s services have been offline since Sept. 20, with the firm confirming three days later that the outage was due to a cybersecurity incident.
3858 - News
Cryptocurrencies will challenge the current banking hegemony layer-by-layer, the speakers noted at the 2024 Bitcoin event in Nashville.
2876 - News
Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.
4265 - News
Blockchain and crypto have a place in a partnered remittance ecosystem in Latin America, the financial services giant found.
7242 - News
The island nations have common challenges and widely varying conditions. Just don’t use crypto, the IMF says.
13046 - Podcast
Code Green co-founder Inna Modja explains how Web3 and art are at the vanguard of social activism and raising awareness about climate change.
2359 - News
The Solomons join tiny island nations worldwide at the forefront of CBDC development.
10939 - News
The deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partners.
6532 - Analysis
Crypto remittances are a lifeline for many people who need to send money to their loved ones, as they provide faster, cheaper and more transparent transactions than traditional methods.
2454 - Video
A small island nation in the Atlantic Ocean grapples with a cash economy influenced by tourism, remittances and limited resources. Can Bitcoin help?
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