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Bitwage will be able to utilize Unocoin API and employers will be able to directly and automatically sell Bitcoin and the beneficiary will be able to receive Indian rupees directly in their bank account in India.
Another disruptive technology powered by the Blockchain is set to completely eliminate the outrageously high cost of remittances to Africa.
New cash-to-cash remittance company, Cashaa, ends its three months testing period and claims to have a success as it plans to fully go live.
Can you send money across borders instantly at almost no cost? Robert Genito of Wall of Coins thinks peer-to-peer Bitcoin exchanges could revolutionize the cross-border remittance industry.
With the high mobile phone penetration already in place, Africa is set to enable more users to download a Bitcoin wallet on their devices.
India is the world’s largest receiver of remittances. Besides making it faster and easier, Bitcoin could help India save up to $7 billion in fees paid to international remittance companies and add this amount to the country's wealth.
Bitcoin enthusiasts suggest the use of Bitcoin in settling remittances between the U.S and Mexico after Trump’s proposal to build a wall between the two countries will have been realised.
Bitcoin ATMs are highly concentrated in minority areas in New York City.Some suggest they are targeting minorities involved in the drugs trade.
NairaEx, a Nigeria-based Bitcoin exchange has announced the launch of its bitcoin remittance service that will allow Nigerians to send and receive money with zero fees and great exchange rates.
Freemit app will allow users to send fiat money abroad fee-free by using the Bitcoin protocol.
Employing Bitcoin could revolutionize the remittance industry for Mexican immigrants in the United States.
Vishal Gupta, Founder of Bitcoin Alliance India, on the main problems with Bitcoin and Blockchain development in India
Former bitcoin miner and transaction processor Digital CC has terminated all bitcoin related operations by rebranding to Digital X to focus on its remittance product and blockchain-based software
Philippines-based universal Bitcoin company Satoshi Citadel Industries’ startup Rebit.ph has partnered with Shapeshift.io, enabling its users to send remittances using altcoins supported on the Shapeshift platform.
American real estate mogul and presidential hopeful Donald Trump has announced his intentions to impound all remittance payments derived from “illegal wages” and increase fees on all temporary visas issued to Mexican CEOs and diplomats.
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