News
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.
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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.
- News
The country’s central bank will begin studying two possible cross-border CBDC settlement models this quarter.
7474 - News
Fiji elects a pro-Bitcoin prime minister, signaling a positive future for Bitcoin adoption in the pacific island nation.
9184 - News
Inflation has fueled crypto growth in the region, stimulating asset tokenization and remittance infrastructure development.
23999 - News
On stage at AfroBitcoin, Strike CEO Jack Mallers announced plans to improve remittance payments into Africa thanks to Bitcoin’s Lightning Network.
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From one Candian coffee shop to a worldwide network of nearly 39,000, crypto ATMs have turned nine years old and are only expected to continue growing.
4207 - Use Case
High transaction fees stand in the way of crypto achieving its full potential and being embraced by the masses — but it is possible to make transfers for free.
3354 - News
Trademark applications seem to hint at an asset and commodities exchange, insurance, and Western Union’s own token as it faces increasingly diverse competition in the remittances market.
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The Latin American region now makes up for a 9.1% share of the global crypto value received in 2022 with remittances and high inflation the highest drivers of adoption.
2616 - Analysis
Mexico has a burgeoning crypto remittance market that has immense potential.
6189 - Analysis
Vietnam has the highest crypto adoption rate in the world. There are numerous factors driving the trend.
5061 - Analysis
The Taliban have finally banned crypto in Afghanistan, but many users and traders call it one of the “worst” policy decisions made by the government so far.
2668 - Sponsored
Millions of people could benefit from digital assets — but high fees put them off. This digital money transfer service is aiming to tackle this problem.
2605 - News
South Korean financial regulators are looking into the massive amount of foreign remittances of cash that came from crypto exchanges.
1952 - News
Ripple has continued to see adoption for its remittance technology from private institutions despite the ongoing lawsuit in the United States.
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