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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
Remittance company SendFriend has received a $1.7 million investment from investors including Ripple, Mastercard Foundation, MIT Media Lab and Barclays.
Ripple, Mastercard and Barclays Invest in Ripple-Based Remittance Firm SendFriend
Adrian Zmudzinski
2019-02-12T14:44:00+00:00
6528
News
Finablr, a major payments and foreign exchange firm based in UAE, joins RippleNet to launch cross-border payments with Thailand.
UAE Exchange and Payment Platform Unimoni Join Ripple’s Payments Network
Ana Berman
2019-02-11T17:37:00+00:00
5361
News
The United Arab Emirates’ central bank and the Saudi Arabian Monetary Authority have announced details on the interbank digital currency they are co-developing.
UAE-Saudi Arabian Digital Currency 'Aber' to be Restricted to Select Banks at Start
Marie Huillet
2019-01-29T12:53:00+00:00
9406
News
The National Bank of Kuwait has launched a remittance product for cross-border live payments based on RippleNet’s blockchain technology.
National Bank of Kuwait Launches Ripple-Based Cross-Border Payments Product
Ana Alexandre
2018-12-27T23:50:00+00:00
14446
News
Japanese giant Mizuho Financial Group plans to introduce a digital currency for remittances and payments in March.
Japanese Giant Mizuho Financial Group to Introduce Digital Currency for Cashless Payments
Adrian Zmudzinski
2018-12-26T13:14:00+00:00
9278
Sponsored
A fintech company is launching a new system of remittances that’s designed to help consumers avoid fluctuations in value when sending crypto around the world.
New Remittances System to Tackle Crypto Volatility When International Payments Are Made
Connor Blenkinsop
2018-12-26T03:00:00+00:00
6925
Sponsored
A digital money platform is offering instant money transfers with almost zero fees – and enables customers to exchange between over 30 currencies including fiat...
‘Instant Money Transfers With Low Fees’: New Platform is Challenging Better-Known Rivals
Connor Blenkinsop
2018-11-14T19:28:00+00:00
7276
News
Japan and Brazil are the target of a new cryptocurrency-based remittance service based on Ripple.
Japan’s Banking Giant MUFG Signs MoU to Develop Ripple-Based Remittances to Brazil
William Suberg
2018-11-13T09:57:00+00:00
4571

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