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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.
News
CBDC’s and currencies such as Facebook’s Libra could force the U.S. to adapt to save its spot as the world’s leading currency, ING economist Carlo Cocuzzo expla...
The US Dollar Could Fall Out of Favor If It Doesn't Go Digital, ING Economist Says
Benjamin Pirus
2020-03-05T20:34:00+00:00
4037
News
13,000 South Korean ATMs will soon facilitate fiat withdrawal and international remittance services using Litecoin.
13,000 ATMs in South Korea to Support Litecoin Withdrawal and Remittances
Samuel Haig
2020-02-28T12:29:00+00:00
6857
News
The blockchain-based payments firm gave millions to MoneyGram over two quarters in 2019.
MoneyGram Expands Ripple Partnership with $11.3 Million
Turner Wright
2020-02-26T07:24:00+00:00
8929
News
The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances.
Egyptian National Bank Turns to Blockchain to Boost Remittance Business
Marie Huillet
2020-02-12T10:43:00+00:00
6563
News
Hong Kong-based blockchain remittance startup Bitspark has abruptly announced its closure, citing internal restructuring issues.
Bitspark Shuts Down Amid Restructuring, Coronavirus and Protests
Helen Partz
2020-02-04T12:01:00+00:00
5420
News
Thai Stellar-based blockchain startup Lightnet raised $31.2 million in a Series A funding round led by major financial conglomerates in South East Asia.
Thai Stellar-Based Startup Lightnet Raises $31M to Replace SWIFT
Helen Partz
2020-01-10T20:55:00+00:00
9830
News
The oldest bank in Thailand launches a mobile app powered by Ripple to facilitate fast, low-cost cross-border payments.
Thai Bank Launches App For Instant Cross-Border Payments Powered By Ripple
Rachel Wolfson
2020-01-09T01:00:00+00:00
8967
News
A new partnership for cross-border payments and remittances will use the National Bank of Cambodia’s blockchain-based payment system.
Remittances Partnership to Use Cambodia Central Bank’s Blockchain System
Joeri Cant
2019-10-20T23:24:00+01:00
5379

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