Colombian Peso Stablecoin Goes Live on Polygon, Aiming for $10B Remittances Market
[Aug 24, 2023 2:28 PM] Num Finance already issues stablecoins pegged to the Argentine and Peruvian local currencies.
2 / 3 Relevant items tagged with #Remittances
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Relying On Remittances And Left Unbanked, The Philippines Needs Bitcoin’s Lightning Network
[Aug 8, 2023 6:00 AM] This is an opinion editorial by Ethan Rose, the founder and CEO of Bitcoin Lightning Network payments provider Pouch.ph.Recently, Binance, the world’s biggest cryptocurrency exchange, successfully implemented Bitcoin’s Lightning Network to enhance…
Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD
[Aug 7, 2023 8:53 AM] Paypal has introduced its own stablecoin, representing the first venture of its kind by a leading financial firm. Initially reported by Bloomberg, the launch could notably accelerate the slow integration of cryptocurrencies for payment purposes. A…
Over 10,000 South African Retail Outlets Now Accept Momint Crypto Vouchers
[Jul 27, 2023 12:00 AM] Momint, a Web3 marketplace app, has said South African residents can now use cryptocurrency to purchase shopping vouchers which are accepted by over 10,000 retailers. The Momint app can also be used to send cross-border remittances at a fraction of…
South Korean Shinhan Bank completes stablecoin remittance pilot with Asian partners
[Jul 18, 2023 12:26 PM] The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.
BIS Survey: 93% of the World’s Central Banks Are Engaged in CBDC Work
[Jul 11, 2023 11:30 PM] The Bank for International Settlements (BIS), an organization that seeks to support the international cooperation of the world’s central banks, has released the results of its 2022 survey on central bank digital currencies (CBDC) and crypto…
Pouch.ph Launches Quick And Affordable Money Transfers From The Philippines To U.S. Banks
[Jul 10, 2023 12:05 PM] Pouch has unveiled its latest app feature, “Send Globally,” aimed at simplifying money transfers from the Philippines to U.S. banks. The feature allows Pouch customers, including expats residing in the Philippines, to send Philippine pesos that…
Paxos and MercadoLibre partner up to bring USDP to Mexico
[Jun 28, 2023 7:01 AM] The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users.
IMF Working on Platform to Support CBDC Cross-Border Interoperability
[Jun 20, 2023 11:30 PM] The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF…
Strike Launches Instant, Cheap Remittances To Mexico Using Bitcoin Lightning
[Jun 14, 2023 8:00 AM] Strike, the global money app, has announced the expansion of its payment service, "Send Globally," to Mexico, the largest market for cross-border payments from the United States. This move comes as cross-border payments from the U.S. to Mexico…
Neutronpay And Pouch.ph Partner To Offer Affordable Remittances For Canada And Vietnam Using Lightning
[May 22, 2023 11:06 AM] Neutronpay, a digital payment platform based in Canada, has partnered with Pouch.ph to offer fast and affordable remittance services for Filipinos living in Canada and Vietnam. According to a press release sent to Bitcoin Magazine, the partnership…
Neutronpay Launches Bitcoin Lightning App In Canada, Partners With Ditobanx For Remittances To El Salvador
[Apr 28, 2023 9:58 AM] Neutronpay aims to empower the second largest population of El Salvadorans outside of the country using Lightning and Bitcoin.Neutronpay, a Bitcoin and Lightning company, has announced the release of its mobile app in Canada. According to the…
TBD and Yellow Card to Enable Fiat On and Off-Ramp Payments in 16 African Countries via BTC
[Apr 18, 2023 12:30 AM] TBD and the Africa-focused cryptocurrency exchange platform Yellow Card recently partnered to launch a fiat on and off-ramp that enables payments in some 16 African countries through Bitcoin rails. The objective of this arrangement is to make…
Jack Mallers' Strike Service, Send Globally, Tackles Bitcoin-Fiat Remittances
[Apr 17, 2023 6:12 AM] The new Lightning-based service lets users in the U.S. send even small cash payments to parts of Southeast Asia and Africa quickly and cheaply. Eventually, the service will be available throughout the world, giving foreign workers everywhere a new…
Crypto could eliminate 97% of traditional remittance fees: Coinbase
[Apr 4, 2023 2:30 PM] U.S. consumers sending international bank transfers pay more than $12 billion annually in remittance fees alone.
Africa: The next hub for Bitcoin, crypto adoption and venture capital?
[Mar 29, 2023 6:05 AM] Cointelegraph’s Elisha Owusu Akyaw shares how cryptocurrency is changing the financial landscape in Africa — and the opportunities and challenges that come with it.
Zebedee Debuts Global Payment Service Powered by Bitcoin’s Lightning Network
[Mar 28, 2023 1:56 PM] The service is currently available in the U.S., UK, EU, Brazil and the Philippines, but Zebedee plans on expanding the service to accommodate “all countries and currencies across the world.”
Nigerian Fintech Flutterwave Obtains Two Licenses From Rwandan Central Bank
[Mar 19, 2023 7:00 AM] Flutterwave, the Nigerian fintech giant, recently said it had obtained two licenses from the National Bank of Rwanda, which allow it to offer its services to more than 13 million people living and working in Rwanda. According to Flutterwave’s…
Crypto Seen as Investment Opportunity in the MENA Region Says Iceberg Capital Executive Chairman
[Mar 7, 2023 5:30 AM] While interest in digital assets has waned in some parts of the world, in the Middle East and Northern Africa adoption of crypto has been skyrocketing according to Mustafa Kheriba, the executive chairman of the asset management firm Iceberg Capital…
Bitcoin Lightning Network growth is organic, coming from real-world adoption
[Feb 22, 2023 11:32 AM] Bitcoin Lightning Network adoption receives a boost with the launch of USD payments and decentralized social media platform, Nostr.
Strike Launches Instant, Cheap Remittances For The Philippines Using Bitcoin Lightning
[Jan 31, 2023 9:00 AM] U.S. users of Strike can now use Send Globally to send instant, cheap remittances to loved ones in the Philippines.Strike, the leading digital payment platform built on Bitcoin's Lightning Network, has announced the expansion of its "Send Globally"…
Central African Republic eyes legal framework for crypto adoption
[Jan 22, 2023 1:04 AM] A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in Central African Republic and expedite the development of the national economy.
Aussie 'Big 4' bank mints stablecoin for carbon trading and remittances
[Jan 18, 2023 11:04 PM] This marks the second "Big 4" bank in Australia to launch an Australian-dollar pegged stablecoin in a bid to boost the digital economy.
The driving forces behind crypto adoption in Latin America in 2022
[Dec 22, 2022 12:30 PM] Inflation has fueled crypto growth in the region, stimulating asset tokenization and remittance infrastructure development.
CoinCorner Partners With Pouch To Bring Instant Remittance Payments To The Philippines Utilizing Bitcoin's Lightning Network
[Dec 22, 2022 4:00 AM] The Philippines’ remittance market now has a faster, cheaper option through the use of the Lightning Network.Customers in the U.K. and Europe can now use CoinCorner’s Send Globally feature to send fiat to the Philippines after partnering with…
Bitso Partners With Felix Pago to Offer Whatsapp-Based Remittance Services Between Mexico and US
[Dec 14, 2022 3:30 AM] Bitso, a Latam-focused cryptocurrency exchange, has partnered with chat-based payments provider Felix Pagos in order to offer Whatsapp-integrated remittances. The objective of this partnership is to put nearly instant chat-based remittances in the…
Bitcoin’s Lightning Network Is Enabling Instant Fiat Transfers Between Europe and Africa
[Dec 12, 2022 6:06 AM] People in Nigeria, Kenya and Ghana can now receive instant, low-cost remittances in local currency from the EU and the UK through Bitcoin’s Lightning.Bitcoin app CoinCorner said in a statement Monday that it had enabled Send Globally, a feature…
Bitcoin App Strike Launches Instant, Cheap Remittances To Africa
[Dec 6, 2022 7:30 AM] People in Nigeria, Kenya and Ghana can now receive instant, low-cost remittance payments in local currency through Bitcoin’s Lightning Network.Bitcoin payments app Strike said in a statement Tuesday that it had launched Send Globally, a new feature…
Strike partners with Bitnob to facilitate cross-border payments into Africa
[Dec 6, 2022 4:43 AM] On stage at AfroBitcoin, Strike CEO Jack Mallers announced plans to improve remittance payments into Africa thanks to the Lightning Network on Bitcoin.
Bitcoin Is Protection From Time Theft Of All Kinds
[Nov 20, 2022 10:00 PM] Bitcoin is the first line of defense for people when they have restricted access to their money or inflation is eating away at their savings.This is an opinion editorial by Dustin Lamblin, a portfolio manager and AI quantitative researcher.When…