Opinion
DeFi can usher in a system where people don’t have to pay international corporations 10% to send money home in the internet era of Web3.
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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.
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A recent report by KuCoin reveals that the number of crypto transactions has increased by 2,670% in some African countries.
6419 - Analysis
Afghans have shown great interest in cryptocurrencies, and some are using them to avoid U.S. sanctions and get paid from other countries.
3314 - Interview
Cointelegraph sat down with the only Bitcoin business in France that allows Bitcoin cash buys, Bitcoin-lyon.
4086 - Analysis
A former lawmaker from the island nation wants to use Bitcoin to secure his country’s financial security.
10955 - News
In a ruling that is “almost identical to the El Salvador bill,” Tongan bigwig Lord Fusitu’a anticipates that his country could adopt Bitcoin by November.
31946 - News
Flutterwave is teaming up Tempo Payments to use USDC on Stellar to target Africa’s enormous remittances market.
9462 - Analysis
The path to mass cryptocurrency adoption passes through remittances, but it may not happen any time soon.
4266 - News
Speaking on a panel as part of the Senate inquiry into “Australia as a Technology and Financial Centre,” three crypto firms outlined their de-banking experience in Australia.
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Reduced remittance costs could prove significant in justifying El Salvador’s adoption of Bitcoin as legal tender.
6695 - News
The new cross-border remittance corridor will be hosted on the Stellar blockchain and serve around 600 million customers.
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Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation's economy.
8724 - News
Steve Hanke slammed El Salvador’s Bitcoin adoption as legal tender and questioned how Bitcoin would function in day-to-day transactions.
21088 - News
Remittance firms operating in El Salvador appear reluctant to support Bitcoin despite the country’s new law mandating the crypto asset as legal tender.
16946 - Sponsored
This all-in-one DeFi platform wants everyone to benefit from crypto — delivering easy-to-understand educational resources alongside a suite of products.
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