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
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...
Australian crypto businesses tell Senate inquiry about being de-banked up to 91 times
Brian Quarmby
2021-09-09T02:29:48+01:00
5597
News
Reduced remittance costs could prove significant in justifying El Salvador’s adoption of Bitcoin as legal tender.
El Salvador’s Bitcoin adoption may transform remittances in Central America
Osato Avan-Nomayo
2021-08-25T10:49:36+01:00
6377
News
The new cross-border remittance corridor will be hosted on the Stellar blockchain and serve around 600 million customers.
Stellar blockchain remittance corridor to power Thailand–Europe payments
Arijit Sarkar
2021-08-11T12:51:32+01:00
11609
Video
Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation's economy.
Inside El Salvador’s Bitcoin experiment: Cointelegraph video report
Marco Castrovilli
2021-07-27T16:30:00+01:00
8300
News
Steve Hanke slammed El Salvador’s Bitcoin adoption as legal tender and questioned how Bitcoin would function in day-to-day transactions.
Steve Hanke warns BTC could ‘completely collapse the economy’ of El Salvador
Brian Quarmby
2021-06-16T05:49:00+01:00
20758
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.
Remittance firms hesitant to support BTC despite legal tender law in El Salvador
Samuel Haig
2021-06-14T06:39:00+01:00
16827
Sponsored
This all-in-one DeFi platform wants everyone to benefit from crypto — delivering easy-to-understand educational resources alongside a suite of products.
This all-in-one DeFi platform wants to bring crypto to the masses
Connor Sephton
2021-06-01T15:00:00+01:00
13587
Sponsored
A crypto platform that aims to shake up the world of overseas remittances is embracing DeFi under plans to make international transfers more affordable.
Why DeFi could be about to make crypto remittances even cheaper
Connor Sephton
2021-05-10T11:21:03+01:00
3717

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