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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.
New cash-to-cash remittance company, Cashaa, ends its three months testing period and claims to have a success as it plans to fully go live.
Cashaa Remittance To Go Live Using Peer to Peer Transactions
Iyke Aru
2016-07-12T14:15:00+01:00
1733
Can you send money across borders instantly at almost no cost? Robert Genito of Wall of Coins thinks peer-to-peer Bitcoin exchanges could revolutionize the cros...
Instant Private Bitcoin Trading Could Revolutionize Remittances
Joël Valenzuela
2016-05-06T17:00:00+01:00
1082
With the high mobile phone penetration already in place, Africa is set to enable more users to download a Bitcoin wallet on their devices.
From Remittance to Startups, How Bitcoin Is Used in Africa
Olusegun Ogundeji
2016-04-30T15:15:00+01:00
1777
India is the world’s largest receiver of remittances. Besides making it faster and easier, Bitcoin could help India save up to $7 billion in fees paid to intern...
Bitcoin Adoption Could Save India $7 Billion
Shivdeep Dhaliwal
2016-04-23T09:00:00+01:00
1389
Bitcoin enthusiasts suggest the use of Bitcoin in settling remittances between the U.S and Mexico after Trump’s proposal to build a wall between the two countri...
Bitcoin Will Help Mexicans to Overcome Trump’s Border Wall
Joseph Young
2016-04-15T16:27:00+01:00
782
Bitcoin ATMs are highly concentrated in minority areas in New York City.Some suggest they are targeting minorities involved in the drugs trade.
Drug Dealing, Remittances, Poverty Factor in Bitcoin ATMs Placement in NYC
Charlie McCombie
2016-04-02T13:00:00+01:00
811
NairaEx, a Nigeria-based Bitcoin exchange has announced the launch of its bitcoin remittance service that will allow Nigerians to send and receive money with ze...
NairaEx Launches Bitcoin Money Transfer (BETA)
Iyke Aru
2016-03-07T14:46:00+00:00
677
Freemit app will allow users to send fiat money abroad fee-free by using the Bitcoin protocol.
New Bitcoin Killer App: “FIAT to BTC to FIAT”
Marco E. G. Maltese
2016-01-13T09:15:00+00:00
2249

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