News about REMITTANCE

News about Remittance

WEF 2022: Crypto remittances must have allure of cash without regulatory constraints — Jeremy Allaire

Digital cash systems built on the blockchain must retain the qualities of physical money in order to attract more users in developing countries — and must be able to do so without regulatory constraints — according to Circle CEO Jeremy Allaire. In a...

Nigerian Blockchain Remittance Platform Afriex Raises $10M in Series A Funding

Nigerian fintech startup Afriex has closed a $10 million in a Series A round for a $60 million valuation. Afriex has raised a total of $1.3M in funding over three seed rounds. Investors in this Series A financing, including Sequoia Capital China an...

Two Ex-Robinhood Employees Launch New Remittance Service Atlantic Money

Two of US stock trading app Robinhood’s former employees on Wednesday announced the launch of money transfer service Atlantic Money to solve challenges that users experience while transferring money globally. Neeraj Baid and Patrick Kavanagh descri...

Paypal Joins Other Payment and Remittance Providers Suspending Services in Russia

A number of payment and remittance platforms, now including Paypal, have restricted access to their services in Russia as western sanctions over Moscow’s invasion of Ukraine continue to expand. Fintech companies have been limiting operations i...

Coinbase to Allow Remittance Receivers in Mexico to Cash Out in Local Currency

Coinbase, a leading U.S.-based exchange, has announced it will now allow remittance receivers in Mexico to cash out the funds received through its service in local currency. This marks the first foray of the company into the Mexican remittance busine...

Rant- It's 2022, and my bank just told me it'll cost 1% of the cheque's value for us to bank in an oversea cheque, and it'll take 30 days to process the remittance. Oh, and I must be there physically at the bank branch where we opened the account.

Cryptocurrencies is already changing the remittance processes in the world. I have my boss' maid using USDT & USDC to transfer their monies out of the country and back to their hometown. Coincidentally, I'm handling a foreign bank account...

What Factors Are Driving The Bitcoin Remittance Revolution In Africa? These Ones

The Bitcoin remittance business is blowing up all over the world. South African financial website moneyweb brings us the report directly from the oldest continent. The conditions that led to El Salvador making Bitcoin legal tender are present all ov...

Volcanos, Bitcoin and remittances: A Tongan lord plans for financial security

A former lawmaker from the island nation wants to use Bitcoin to secure his country’s financial security. A former member of the Tongan Parliament is behind a proposal...

Creator of App for Remittances to Africa and Asia Raises $65 Million in Series B Round

Tap Send, the creator of a remittances app of the same name, revealed it has raised $65 million in a Series B funding round. The fintech firm plans to use the funds to build a cheaper and faster cross-border money transfer platform. Remittances to O...

Nigerian Remittances Rebound as Country Tops Sub Sahara Africa — Sending Costs Still High

Nigeria is once again Sub Sahara Africa’s biggest recipient of remittances into the region where the money transfers went up by 6.2 percent to $45 billion, a new World Bank report has shown. The Impact of Nigerian Policies on Remittances...