Tag: Remittances
Philippines' Central Bank Gives Approval to Coins.ph to Pilot Stablecoin in Key Remittance Market
Philippines' central bank has given its approval to digital currency exchange Coins.ph to pilot a Philippine Peso backed stablecoin called PHPC, the c [...]
What Does Ripple’s Stablecoin Mean for XRP?
It’s possible, facing as much as a $2 billion fine from the U.S. Securities and Exchange Commission (SEC), Ripple is looking for a new, proven revenue [...]
Nigeria sees surge in forex inflow as overseas remittances rise – 2024-03-08
ABUJA (Reuters) - Foreign exchange inflows to Nigeria rose to $2.3 billion in February, the central bank said on Friday, fue [...]
USDC Remittances Worth $130 Billion Flowed into Asia in 2022, Circle Says
These volumes are also made up of remittance transfers, a big deal for emerging markets with a large diaspora, such as the Philippines. In the report, [...]
Solana-Based Stablecoin Remittances Get a Boost with CFX Labs' Fresh $9.5M Fundraise to Expand Globally
Remittances are one of the most compelling use cases for stablecoins, offering fast, non-stop settlements and cheap transactions using blockchains as [...]
Ripple Broadens Remittances Between Africa, Gulf States, UK and Australia
Three new blockchain-based payments corridors will open between Onafriq users in Africa and customers of PayAngel in the U.K., Pyypl in the Gulf Coope [...]
Crypto remittances offer cheaper alternative, but still face challenges to adoption
As the cryptocurrency market moves sideways and amid a deepening stablecoin exodus, the sector remains a vital lifeline for many sending money to love [...]
Colombian Peso Stablecoin Goes Live on Polygon, Aiming for $10B Remittances Market
Num Finance already issues stablecoins pegged to the Argentine and Peruvian local currencies.
www.coindesk.com [...]
Diversion of diaspora remittances is reason for naira crash – CBN Acting Governor
Acting Governor of CBN, Folashodun Shonubi.
The Central Bank of Nigeria (CBN), has attributed the crash of the naira against the dolla [...]
Forex dealers, tour package sellers to collect remittance undertakings
The government on Friday said foreign exchange dealers and sellers of overseas tour packages will have to take an "undertaking" from their customers [...]
India, UAE to explore CBDC bridge to facilitate trade, remittances without USD
The Reserve Bank of India (RBI) and Central Bank of the United Arab Emirates (UAE) announced on March 15 that they had signed a memorandum of understa [...]
Strike Expands Lightning-Powered Remittances to Philippines
The remittance service, Send Globally, will be available in the Philippines starting Tuesday, according to a press release. It runs on the Lightning N [...]
Aussie ‘Big 4’ bank mints stablecoin for carbon trading and remittances
National Australia Bank (NAB) is set to become the second “Big 4” Australian bank to launch an Australian dollar-pegged stablecoin on the Ethereum net [...]
Exports, imports and remittances: Value-added textile sector seeks separate forex rates
KARACHI: The value-added textile sector Saturday asked the government to fix separate forex rates for exports, imports and remittances, saying the fra [...]
Bank of Korea Tested NFT Trading, Remittances With CBDC: Report
The central bank has completed a 10-month-long experiment of a digital South Korean won.
www.coindesk.com [...]