Tag: remittance

  • Bitcoin

    India Receives $80 Billion in Remittance, Big Potential for Crypto?

    The World Bank in its latest report revealed that India has received the largest amount in remittance in 2o18 with $80 billion being sent from abroad. At the same time, users paid $4 billion in cuts to payment services. Middlemen-Friendly Models Remittance in its current format has one-too-many...

    Davit Babayan | December 9, 2018 | 8:00 pm
  • Bitcoin
    Bitcoin

    BitPesa Partners with Japanese Insurance Company to Digitize Remittance Service

    Tokyo-based insurance company Sompo Holdings has partnered with BitPesa to promote digitization of its international remittance service. The news comes weeks after another Japanese player, money transfer firm SBI Remit, teamed up with the blockchain company to bring distributed ledger to transactions between Japan and African countries. Japanese...

    Ricardo Esteves | November 13, 2018 | 12:00 am
  • Philippines
    Industry

    The Unbanked Population: Crypto’s Calling Card?

    Financial services might be something you take for granted. Depositing, borrowing and withdrawing capital is as easy as going to your local bank branch, but there are billions of individuals worldwide with no access to something as simple as a bank account. 77% Of Filipino Adults Do Not...

    Nick Chong | July 15, 2018 | 9:30 pm
  • Griffin
    Industry

    OTC Trading Platform Paxful Is At the Forefront of a Crypto Boom in Africa

    Current financial, social, and economic conditions in Africa have contributed to the surging popularity of cryptocurrencies on the continent. For the over-the-counter (OTC) crypto trading platform Paxful, African customers account for almost $7.5 million in transactions per month. Interestingly, half of these crypto enthusiasts are under 30-years-old and...

    Thomas Delahunty | June 19, 2018 | 1:00 am
  • Mining
    Technology

    Venezuelans Turn to Cryptocurrency Mining to Generate Passive Income

    The Bolivarian Republic of Venezuela is home to one of the worst hyperinflation crisis in the world. Because of this, citizens are increasingly turning to mining cryptocurrencies to make up for their lack of funds. Cryptocurrency Mining Boom One major reason that crypto mining is booming is because...

    Thomas Delahunty | May 26, 2018 | 7:05 pm
  • Blockchain
    Blockchain

    Banks Lose International Payments Business to Disruptive Solutions Like Blockchain

    Transaction banking faces continued pressure from disruptive solutions from blockchain and cryptocurrency ventures, which are taking a significant share of a once-upon-a-time undisputed market. While bleeding customers and transaction volumes, banks remain confident that its legacy technology is ‘good enough for now.’ Banking Industry in Denial While Losing...

    Ricardo Esteves | May 24, 2018 | 1:00 am
  • Crypto
    Blockchain

    German Bank Uses Bitcoin’s Blockchain for International Loans

    The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the largest network in the world enabling financial institutions to exchange formation about financial transactions. Cryptocurrencies are now taking over the business. Bitbond Allows Small Businesses German online bank Bitbond has announced it uses the Bitcoin’s blockchain to facilitate...

    Ricardo Esteves | May 15, 2018 | 1:30 pm

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