Blockchain-based digital identity is becoming mainstream with banks, financial organizations rise to the adoption challenge.
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.
- Analysis
- News
by Samuel Haig
U.S.-Latin American remittance provider reveals that Ripple is not being used for remittances in its “core markets.”
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Thai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia.
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CBDC’s and currencies such as Facebook’s Libra could force the U.S. to adapt to save its spot as the world’s leading currency, ING economist Carlo Cocuzzo expla...
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by Samuel Haig
13,000 South Korean ATMs will soon facilitate fiat withdrawal and international remittance services using Litecoin.
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The blockchain-based payments firm gave millions to MoneyGram over two quarters in 2019.
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The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances.
- News
by Helen Partz
Hong Kong-based blockchain remittance startup Bitspark has abruptly announced its closure, citing internal restructuring issues.
- News
by Helen Partz
Thai Stellar-based blockchain startup Lightnet raised $31.2 million in a Series A funding round led by major financial conglomerates in South East Asia.
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The oldest bank in Thailand launches a mobile app powered by Ripple to facilitate fast, low-cost cross-border payments.
- News
by Joeri Cant
A new partnership for cross-border payments and remittances will use the National Bank of Cambodia’s blockchain-based payment system.
- Analysis
With SWIFT looking to match Ripple’s transaction settlement rate, is speed the determining factor by which the success of a payment network will be measured?
- Analysis
Crypto remittance on the rise as fintech companies increasingly leverage crypto and blockchain to capture the international payments market.
- News
by Aaron Wood
Ripple will provide up to $50 million to MoneyGram has part of a new two-year partnership.
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