Remittances

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.

Ripple, Mastercard and Barclays Invest in Ripple-Based Remittance Firm SendFriend

Remittance company SendFriend sees investments from Ripple, Mastercard, MIT Media Lab and Barclays

UAE Exchange and Payment Platform Unimoni Join Ripple’s Payments Network

UAE-based payments and foreign exchange firm Finablr partners with RippleNet to launch cross-border payments with Thailand

Two Remittance Firms Go Live With Ripple-Based Payments to Thailand

Remittance firms UAE Exchange and Unimoni now offer blockchain-based payments to Thailand using RippleNet.

Venezuela Starts Regulating and Taxing Crypto Remittances

Venezuela Starts Regulating Cryptocurrency RemittancesThe Venezuelan government has begun regulating cryptocurrency remittances. The regulator has set a monthly limit and will be collecting commissions of up to 15 percent of the transaction amount. Additionally, new details of its comprehensive registry of crypto service providers have been announced. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations […]

The post Venezuela Starts Regulating and Taxing Crypto Remittances appeared first on Bitcoin News.

UAE-Saudi Arabian Digital Currency 'Aber' to be Restricted to Select Banks at Start

The United Arab Emirates’ central bank and the Saudi Arabian Monetary Authority have announced details of their interbank digital currency

Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency

Saudi Arabia and the United Arab Emirates are hoping a shared digital currency can cut remittance costs between the two countries.

Pakistani Bank Teams With Alipay for Blockchain Remittances

Pakistan-based Telenor Microfinance Bank has launched a remittances service using blockchain tech from Alipay.

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