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.
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
- News
The oldest bank in Thailand launches a mobile app powered by Ripple to facilitate fast, low-cost cross-border payments.
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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.
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by Aaron Wood
Ripple will provide up to $50 million to MoneyGram has part of a new two-year partnership.
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Payments giant Western Union will integrate the Coins.ph blockchain-based platform, enabling Filipinos to conduct cross-border money transfers.
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Veerathai Santiprabhob, the Central bank governor of Thailand, reportedly defined the Ethereum-based remittance system as an important step.
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by Aaron Wood
Major private Indian bank, Federal Bank, has partnered with Ripple for its cross-border remittances network.
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by Helen Partz
Payment gateway service Netpay International partnered with Israeli firm BNC LedgerTech to integrate blockchain, according to Finance Magnates.
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Remittance company SendFriend has received a $1.7 million investment from investors including Ripple, Mastercard Foundation, MIT Media Lab and Barclays.
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by Ana Berman
Finablr, a major payments and foreign exchange firm based in UAE, joins RippleNet to launch cross-border payments with Thailand.
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The United Arab Emirates’ central bank and the Saudi Arabian Monetary Authority have announced details on the interbank digital currency they are co-developing.
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The National Bank of Kuwait has launched a remittance product for cross-border live payments based on RippleNet’s blockchain technology.
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