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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
Japanese insurance company Sompo has partnered with pan-African crypto-enabled remittance platform BitPesa.
Japanese Insurer Sompo Partners With African BTC-Enabled Remittance Service BitPesa
Marie Huillet
2018-11-12T12:03:00+00:00
4632
News
Alibaba’s Ant Financial trials blockchain remittances, CEO Jack Ma confirming he intends to take the option global.
Alibaba Offshoot Trials First Blockchain Remittance to Philippines, Plans Global Expansion
William Suberg
2018-06-25T12:24:00+01:00
25636
South Korean conglomerate, Dongbu Group, has announced a partnership with Bitcoin remittance service provider Sentbe in its bid to enter the Bitcoin remittance ...
Major South Korean Conglomerate Enters Bitcoin Remittance Market
Lisa Froelings
2017-08-27T09:10:00+01:00
19793
Blockchain technology seems to have virtually endless applications from finance, healthcare, entertainment, among others.
Blockchain Use Cases: From Image Mining & Virtual Economy to Crowdfunding
Joshua Althauser
2017-08-14T10:36:00+01:00
10732
Blockchain ventures arm of Overstock has registered a loss of $3.3 mln in Q2 of 2017.
Overstock Subsidiary Focused on Blockchain Ventures Registers a Loss of $3.3 Mln in Q2 2017
Joshua Althauser
2017-08-08T07:30:00+01:00
7375
The vast majority of investors in Bitcoin consider it as a safe haven asset, long-term investment and digital gold. But, how practical is it to live on Bitcoin ...
Living on Bitcoin in 2017: How Practical Is It?
Joseph Young
2017-07-21T17:15:00+01:00
16624
From the simple barter system of ages past to the sophisticated technological systems of modern day money transfer, the remittance industry remains a significan...
From Flying Money to Blockchain: How Remittance Industry Has Reached Turning Point
Iyke Aru
2017-07-01T11:20:00+01:00
17780
Blockchain technology has the potential to disrupt and overcome all technological boundaries.
Like Internet, Blockchain is Encroaching into Every Part of Human Existence
Iyke Aru
2017-06-24T16:16:00+01:00
46654

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