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Binance users have reportedly saved $1.75 billion in remittance costs through $26 billion in crypto transfers between 2022 and 2024. Remittances are financial transfers typically made by migrants sending money to family members in their home countries. Globally, remittance volumes…
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According to official news published by the Venezuelan government on August 26, the state-run remittance platform Patria Remesa is officially operational. Crypto Remittances Thousands of Venezuelan migrants fled their homeland years ago to find work and send remittances to their…
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Celo, a cryptocurrency payment startup has received $25 million in investment from notable venture capital firms, the company announced in a blog post published on April 2, 2019. Among the investors include a16z Crypto, the Andreessen Horowitz-owned cryptocurrency fund and…
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Cryptocurrency’s first killer application may be well on its way from the rosters of Facebook, a company ironically known for practices contrary to the ethos of decentralized currencies and blockchains, reported South China Morning Post on December 21, 2018. Facebook’s…
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On July 31, 2018, Everex and Myanmar’s Shwe Bank announced a partnership to provide a blockchain-based solution to migrants. The deal will pave the way for the introduction of a blockchain-based remittance service that will allow migrants from Myanmar and…
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TransferGo, a remittance service based out of London, announced on July 27, 2018, that it would provide a platform to its customers to trade cryptocurrencies including bitcoin, ether, bitcoin cash, XRP, and litecoin. With this announcement, it also became the…
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In April 2018, the capital city of Argentina celebrated “Bitcoin Day,” an event comprised of around 500 attendees who were curious about the ever-increasing demand for information on bitcoin. Now, an Argentinian Bank is continuing the celebration after announcing on…
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At the end of 2017, the Stellar network’s cryptocurrency, the lumen, moved into the top ten of the largest cryptocurrencies. Stellar’s market capitalization rose from the $500 million mark to over $12 billion from November to January. In its January…
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Bankgo Central ng Pilipinas (BSP) is looking to regulate bitcoin and other digital assets in the Philippines. Seeking Guidance in an Unregulated World According to Chuchi Fonacier, Deputy Governor, the bank plans to impose new regulations for cryptocurrencies. The Philippine…
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According to migration and remittances data from the World Bank, over $600 billion was transferred home by close to 250 million migrants worldwide in 2016. The main recipient locations were Sub-Saharan Africa ($39 billion), India ($69 billion), and Nigeria ($20…
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Centra Tech is holding an initial coin offering on September 19 to bolster their blockchain-based Centra card and other products to reduce the costs of commerce across borders. Based on Ethereum, CTR Tokens are utility tokens that will interact with…
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Following bitcoin’s birth in 2009 as a decentralized peer-to-peer payment network with fast transaction speeds and low transaction fees, one of its most predicted future application uses was for international remittance purposes. Many experts envisioned that bitcoin would be a…
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The London-based FinTech startup Tramonex Labs, which focuses on international payments for SMEs has been granted a Small Electronic Money Institution License by the UK’s financial regulator, the Financial Conduct Authority (FCA). Tramonex’s approval marks the first time that a…
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The interest in Bitcoin explodes in Africa’s biggest economy. The government cripples the regular remittance industry and remains unable to stop the devaluation of the domestic currency, the Nigerian naira. But shady investments and the famous Nigerian ‘princes’ might play…
Interviews
Those who know Elizabeth (Ploshay) McCauley might say that she is on a career trajectory akin to the explosive rise of Bitcoin. As the Head of Global Business Development at Coinsecure she is involved in a high-stakes movement to fuel…
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The emerging Indian Bitcoin ecosystem is going from strength to strength. Companies and exchanges are establishing themselves, making it easier for people in India to buy, sell, and trade bitcoin. For example, Sandeep Goenka, a founder of Zebpay, explains his…
Opinion
