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Remittances News

A remittance is a payment document, such as a bank draft, check, money transfer, etc., which is made in a foreign currency. Remittances are delivered to a debtor or remitter in his/her national currency by the third party and then are sent to the foreign creditor to pay arrears. With the appearance of digital cryptocurrency, such as Bitcoin — now functioning as a third, independent currency — the era of the remittances industry, including other kinds of international money transfers, has reached a turning point. By using modern technological systems, it is easy to convert money into any possible fiat currency with Bitcoin without even leaving home. Also, virtual transactions prevent robbery, loss or damage of money and provide quite fast confirmations.
Halsey Minor, an American serial tech entrepreneur widely known to have founded CNET in 1993, has set his sights on the Indian market with Bitreserve, his lates...
Bitreserve Targets India's Remittance and Mobile Payment Markets
Diana Ngo
2015-05-05T17:28:39+01:00
519
Bitspark Limited, a digital currency startup based in Hong Kong, announces a partnership with Indonesian startup PT ArtaBit Indonesia to enable end-to-end remit...
Hong Kong-Based Startup Bitspark Announced End-to-End Cash Remittance Service to Indonesia
Diana Ngo
2015-01-23T15:15:06+00:00
522
Hong Kong-based Bitspark has just announced the world’s first end-to-end cash remittance service that’s transferred via Bitcoin using ReBit. The service caters ...
Bitspark: World’s First End-to-End Bitcoin Remittance
Amanda B. Johnson
2014-11-20T15:54:00+00:00
786
Australia headquartered Bitcoin exchange Igot, experiencing rapid growth, planning to launch in Saudi Arabia and Egypt in December.
Bitcoin Exchange Igot 'Taking Remittance to the Next Level,' Expanding to Egypt and Saudi Arabia
Diana Ngo
2014-11-20T09:15:02+00:00
567
The true innovation occurs with less competition, not more, because not all great ideas are strong right out the door.
The Philippines: Bitcoin Remittance Innovation through Isolation
Luis Buenaventura
2014-09-23T11:30:53+01:00
441
Americans can now make instant deposits to Ripple from several US banks.
Ripple gets Instant Deposits from US Banks, Sets Sights on Asian Remittances Market
Diana Ngo
2014-08-25T15:38:00+01:00
1010

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