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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.
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.
With the high mobile phone penetration already in place, Africa is set to enable more users to download a Bitcoin wallet on their devices.
Another disruptive technology powered by the Blockchain is set to completely eliminate the outrageously high cost of remittances to Africa.
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Bitcoin ATMs are highly concentrated in minority areas in New York City.Some suggest they are targeting minorities involved in the drugs trade.
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.
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.
Employing Bitcoin could revolutionize the remittance industry for Mexican immigrants in the United States.
Freemit app will allow users to send fiat money abroad fee-free by using the Bitcoin protocol.
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.
MarilynJean Media Interactive (MJMI.qb) announced on July 24 plans to enter the lucrative international remittance market using bitcoin.
Founded by Ruben Galindo and Antonio Garcia of Mexico City, AirTM is a service that depends on the Bitreserve API to make transfers from the “new money” in the cloud to the “old money” of the cash system.
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.
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
Vishal Gupta, Founder of Bitcoin Alliance India, on the main problems with Bitcoin and Blockchain development in India
Hong Kong-based Bitspark has just announced the world’s first end-to-end cash remittance service that’s transferred via Bitcoin using ReBit. The service caters to Hong Kong’s large population of Filipinos who regularly use services like Western Union and Money Gram to send funds back to the Philippines.
A new Bitcoin remittance service has started in Vietnam called Cash2vn. Created by Bitcoin Vietnam Co. Ltd.
Halsey Minor, an American serial tech entrepreneur widely known to have founded CNET in 1993, has set his sights on the Indian market with Bitreserve, his latest venture that he unveiled in 2014.
Australia headquartered Bitcoin exchange Igot, experiencing rapid growth, planning to launch in Saudi Arabia and Egypt in December.
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