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
On stage at AfroBitcoin, Strike CEO Jack Mallers announced plans to improve remittance payments into Africa thanks to Bitcoin’s Lightning Network.
Strike partners with Bitnob to facilitate cross-border payments into Africa
Joseph Hall
2022-12-06T10:43:50+00:00
4823
News
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.
9 years after the first Bitcoin ATM, there are now 38,804 globally
Jesse Coghlan
2022-10-31T05:46:26+00:00
3935
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.
Why the battle for low or no transaction fees really matters
Chris Jones
2022-10-27T18:00:00+01:00
3197
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 ...
Western Union may be planning to expand its digital offerings far beyond remittances
Derek Andersen
2022-10-25T20:15:00+01:00
4228
News
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 a...
Remittances drive ‘uneven, but swift’ crypto adoption in Latin America
Jesse Coghlan
2022-10-21T03:55:09+01:00
2333
Analysis
Mexico has a burgeoning crypto remittance market that has immense potential.
Why crypto remittance companies are flocking to Mexico
Elizabaeth Gail
2022-10-16T22:30:00+01:00
5751
Analysis
Vietnam has the highest crypto adoption rate in the world. There are numerous factors driving the trend.
Vietnam’s crypto adoption: Factors driving growth in Southeast Asia
Elizabaeth Gail
2022-09-27T14:12:00+01:00
4488
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.
What the Taliban crackdown means for crypto’s future in Afghanistan
Wahid Pessarlay
2022-08-29T13:55:00+01:00
2595

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