Remittances

Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings

CBDCs Take on Major Importance at IMF Spring MeetingsCentral bank digital currencies (CBDCs) featured prominently when global financial leaders met for this year’s World Bank Group and International Monetary Fund (IMF) joint Spring Meetings in the United States. Faced with emerging disruptive technologies like Bitcoin, their discussions also focused on how money and payments are taking on new forms throughout the world. There […]

The post Central Bank Digital Currencies Take Center Stage at IMF Spring Meetings appeared first on Bitcoin News.

Japanese Bank Abandons Work With SBI Ripple’s ‘Money Tap’ App

Resona, one of three Japanese banks working with SBI Holdings and Ripple on their blockchain app Money Tap, is pulling out of the project.

Western Union Partners With E-Wallet Coins.ph for Cross-Border Remittances

Western Union and blockchain-based platform Coin.ph’s new collaboration will enable Filipinos to conduct cross-border money transfers

Western Union Integrates With Crypto Wallet to Expand Philippines Remittances

The money transfer giant has teamed up with blockchain startup Coins.ph to enable residents of the Philippines to directly receive cash remittances.

Thai, Myanmar Central Bank Governors Endorse Blockchain Remittance Service

Veerathai Santiprabhob, the Central bank governor of Thailand, reportedly endorsed startup Everex’s blockchain remittance system

Major Private Indian Bank Partners With Ripple for Cross-Border Remittances

Federal Bank, a major private Indian commercial bank, has partnered with Ripple for its cross-border remittances network

Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards

Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank CardsWhile there’s been a lot of news of cryptocurrency debit cards closing shop over the last two years, a company called Payglobal offers cryptocurrency to fiat transfers onto a user’s existing bank card. The U.K. based e-wallet service licensed by the Financial Conduct Authority (FCA) aims to provide a variety of end-to-end solutions for people […]

The post Payglobal Provides Cryptocurrency to Fiat Transfers With Existing Bank Cards appeared first on Bitcoin News.

How to Use Cryptocurrency to Send Money Abroad

A Beginner's Guide To Getting Started With Sending Money Abroad Using CryptoThe global remittance industry is huge. World Bank data shows that over $148 billion was sent abroad from the U.S. alone in 2017. As people leave nations gripped by hyperinflation, or simply move to look for better opportunities abroad, sending cash back home becomes a necessity. As the people in Venezuela are discovering, this can be […]

The post How to Use Cryptocurrency to Send Money Abroad appeared first on Bitcoin News.

Payment Processor Netpay to Integrate Blockchain-Based Tool: Report

Global payments firm Netpay International has partnered with Israeli firm BNC LedgerTech to use its blockchain-based tool: report

Ripple, Barclays Accelerator Back $1.7 Million Round for Remittance Firm

Barclays' accelerator program, Ripple and others have backed a $1.7 million round for a new remittance startup that will use XRP.

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