Remittances Financial News

30.10 / 16:33

Africa community Cash remittances Bitcoin Community Bitcoin Small Islands, big problems: Can Bitcoin fix this? Cointelegraph Cape Verde video

Cointelegraph recently traveled to Cape Verde, West Africa, to explore whether Bitcoin (BTC) could be a tool for progress.

08.11 / 04:35

Blockchain Ripple Africa Money Transfers remittances Ripple, Onafriq partner for new payment corridors for Africa, UK, Australia and Gulf

Ripple will power new payment corridors between 27 African countries and Australia, the United Kingdom and the Gulf Cooperation Council (GCC) under a deal with African mobile payments provider Onafriq.

02.11 / 14:07

Adoption Payments regulation Bitcoin Payments remittances Mobile Payments Crypto remittances offer cheaper alternative, but still face challenges to adoption

As the cryptocurrency market moves sideways and amid a deepening stablecoin exodus, the sector remains a vital lifeline for many sending money to loved ones while dodging extremely high fees that can be life-changing over time.

18.07 / 19:23

Stablecoin Adoption remittances South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners

South Korea’s Shinhan Bank has completed its second proof-of-concept using stablecoins for international remittances. Siam Commercial Bank’s SCB TechX unit and an unnamed Taiwanese financial institution also participated in the project.

05.05 / 01:45

regulation transactions Africa Taxes Money Transfers remittances Kenya considers tax on crypto, NFT transfers and online influencers

Kenya's lawmakers are considering the introduction of a 3% tax on cryptocurrency and nonfungible tokens (NFTs) transfers and a 15% tax on monetized online content, according to a newly introduced bill.

04.04 / 20:45

business Blockchain Payments Research remittances Crypto could eliminate 97% of traditional remittance fees: Coinbase

A recent blog post from cryptocurrency exchange Coinbase indicates the vast majority of U.S. remittance fees for international transfers wouldn’t apply to similar transactions conducted using cryptocurrency.

22.01 / 10:27

Adoption regulation Africa bills remittances Framework Central African Republic eyes legal framework for crypto adoption

Central African Republic (CAR), a developing country in Central Africa, set up a 15-member committee responsible for drafting a bill on the use of cryptocurrencies and tokenization in the region.

31.10 / 09:19

Adoption transactions ATM remittances 9 years after the first Bitcoin ATM, there are now 38,804 globally

On Oct. 29, 2013, a coffee shop in downtown Vancouver, Canada opened what is understood to be the world’s first publicly available Bitcoin (BTC) automatic teller machine (ATM) operated by Robocoin.

27.10 / 20:25

Blockchain Ethereum fees remittances Low Why the battle for low or no transaction fees really matters

During the frenzied bull run, transaction fees were running rampant. Over on the Ethereum blockchain, they hit eye-watering highs of $196.638 back in May — rendering the network unusable for most everyday consumers.

25.10 / 22:19

Adoption remittances Western Union may be planning to expand its digital offerings far beyond remittances

Western Union may be preparing to offer crypto-related services, judging from trademark applications filed by the company last week. This is the latest of several attempts the company has made to enter the cryptoverse. So far, it has had limited success.

22.08 / 15:03

Blockchain MasterCard remittances This platform makes transfers cheaper, opens access to digital assets, and protects consumers

Across the globe, citizens in many countries still face high costs of money transfers both domestically and internationally. That's why digital assets have become the logical solution to answer this challenge — as a decentralized store of value that could enable everyday transactions, regardless of borders. Unfortunately, despite its positioning to level the playing field, many users face high fees when they're trying to use digital assets.

16.08 / 06:19

business regulation Banks remittances Premium Korean regulators investigate banks over $6.5B tied to Kimchi premium

South Korean banks are being investigated for their role in facilitating $6.5 billion in suspicious overseas remittances which have been tied to companies arbitraging cryptocurrency.

19.07 / 18:39

Technology Adoption remittances Bitcoin Technicals suggest Bitcoin is still far from ideal for daily payments

It is no secret that a vast majority of investors, both from the realm of traditional as well as crypto finance, view Bitcoin (BTC) as a long-term store of value akin to “digital gold.” And, while that may be the dominant narrative surrounding the asset, it is worth noting that in recent years the flagship crypto’s use as a medium of exchange has been on the rise.

10.06 / 22:17

Stablecoin Adoption remittances Usd Coin MoneyGram’s USDC transfer service launches in several countries

Cross-border transfer service MoneyGram officially launched its stablecoin-powered payment channel on Friday, giving users the ability to send USD Coin (USDC) payments worldwide that can be withdrawn as cash by recipients.

23.05 / 19:57

Adoption World Economic Forum Davos remittances regulatory Crypto remittances must have allure of cash without regulatory constraints — Jeremy Allaire

Digital cash systems built on the blockchain must retain the qualities of physical money in order to attract more users in developing countries — and must be able to do so without regulatory constraints — according to Circle CEO Jeremy Allaire.

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