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.
Analysis
Several factors make India the hallmark country for crypto adoption. Experts, however, agree that several challenges still stand in the way.
Set to Grow, India’s Crypto Industry Must First Toil Tough Ground
Jinia Shawdagor
2020-06-08T17:14:00+01:00
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News
Indians are flocking to cryptocurrency due to high remittance fees and the difficulty of exchanging rupees to a more stable currency.
Report: High Remittance Fees and Unstable Rupee Drive Crypto Adoption in India
Mohammad Musharraf
2020-05-27T12:32:00+01:00
3993
News
A U.S. consumer protection agency shout outs Ripple and XRP cross-border settlements in a recent regulatory update.
US Consumer Protection Agency Recognizes XRP’s Potential in Remittance
Stephen O'Neal
2020-05-18T12:06:00+01:00
10988
News
FXCoin announced XRP remittance testing, one company began its security token initiative, and more headlined news from Japan this past week.
Cryptocurrency News From Japan: April 19-25 in Review
Benjamin Pirus
2020-04-25T21:00:52+01:00
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Analysis
Blockchain-based digital identity is becoming mainstream with banks, financial organizations rise to the adoption challenge.
BRI Remittance Brings Digital Identity to Banking With Blockchain Partnership
Rachel Wolfson
2020-04-03T23:55:00+01:00
4398
News
U.S.-Latin American remittance provider reveals that Ripple is not being used for remittances in its “core markets.”
Intermex Is Not Using Ripple for Its Mexican Remittances
Samuel Haig
2020-03-22T14:35:00+00:00
6372
News
Thai fintech DeeMoney has deepened its integration with blockchain-based financial services network RippleNet, further consolidating Ripple’s presence in Asia.
Ripple Cements Asian Presence Through Partnership With Thai Fintech DeeMoney
Marie Huillet
2020-03-19T11:01:00+00:00
5308
News
CBDC’s and currencies such as Facebook’s Libra could force the U.S. to adapt to save its spot as the world’s leading currency, ING economist Carlo Cocuzzo expla...
The US Dollar Could Fall Out of Favor If It Doesn't Go Digital, ING Economist Says
Benjamin Pirus
2020-03-05T20:34:00+00:00
3980

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