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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
Venezuelan Superintendent of Cryptoactives Joselit Ramírez says a Petro remittances platform is live and operational, as well as secure and easy to use.
Venezuelan Official Says Remittance Platform for Petro is Ready to Use
Max Boddy
2019-08-28T01:45:00+01:00
3615
Analysis
With SWIFT looking to match Ripple’s transaction settlement rate, is speed the determining factor by which the success of a payment network will be measured?
SWIFT Vs. Ripple — The Importance of Speed in Cross-Border Payments
Osato Avan-Nomayo
2019-07-26T21:30:00+01:00
15874
Analysis
Crypto remittance on the rise as fintech companies increasingly leverage crypto and blockchain to capture the international payments market.
XRP, Libra and Visa to Fight It Out for Cross-Border Remittance Crown
Osato Avan-Nomayo
2019-06-30T12:25:00+01:00
31531
News
Ripple will provide up to $50 million to MoneyGram has part of a new two-year partnership.
Ripple to Invest Up to $50M in MoneyGram Following New Partnership
Aaron Wood
2019-06-17T22:10:00+01:00
15910
News
Payments giant Western Union will integrate the Coins.ph blockchain-based platform, enabling Filipinos to conduct cross-border money transfers.
Western Union Partners With E-Wallet Coins.ph for Cross-Border Remittances
Ana Alexandre
2019-04-08T21:41:00+01:00
5537
News
Veerathai Santiprabhob, the Central bank governor of Thailand, reportedly defined the Ethereum-based remittance system as an important step.
Thai, Myanmar Central Bank Governors Endorse Blockchain Remittance Service
Adrian Zmudzinski
2019-04-05T16:05:00+01:00
6109
News
Major private Indian bank, Federal Bank, has partnered with Ripple for its cross-border remittances network.
Major Private Indian Bank Partners With Ripple for Cross-Border Remittances
Aaron Wood
2019-03-29T22:45:00+00:00
9685
News
Payment gateway service Netpay International partnered with Israeli firm BNC LedgerTech to integrate blockchain, according to Finance Magnates.
Payment Processor Netpay to Integrate Blockchain-Based Tool: Report
Helen Partz
2019-02-12T17:32:00+00:00
3242

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