Tag: Remittances
Western Union may be planning to expand its digital offerings far beyond remittances
Western Union may be preparing to offer crypto-related services, judging from trademark applications filed by the company last week. This is the lates [...]
Remittances drive ‘uneven, but swift’ crypto adoption in Latin America
Remittance payments, fiat fears, and profit-chasing have been the three most significant drivers of crypto adoption in Latin America, according to a n [...]
Jack Dorsey’s TBD Teams Up With Circle to Take US Dollar Stablecoin Savings and Remittances Global
The partnership aims to improve people’s access to dollar-linked stablecoins in countries with rapidly devaluing currencies.
www.coindesk.com [...]
Export Remittances Have Improved Significantly – CBN
September 20, (THEWILL) – The introduction of the “Race to $200 billion in FX Repatriation” (RT200 FX) by the Central Bank of Nig [...]
BB eases rules for inward remittances amid forex crunch – The Daily Industry
Staff Correspondent: The central bank has relaxed the banking rules governing remittance inflows amid an ongoing foreign currency crunch.Ban [...]
El Salvador’s Bitcoin wallet Chivo scores $52M in remittances in 2022
Salvadorans living abroad have sent over $50 million in remittances from January to May this year, according to the El Salvador Central Reserve Bank.D [...]
Bitso Processed $1B in Crypto Remittances Between Mexico and the US in First Half of 2022
“There’s no doubt that the Mexico-United States corridor is an extremely important market for us. Many people within that corridor depend on remittanc [...]
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 [...]
FY22: As Covid curbs ease, outward remittances up 55% to all-time high
Foreign exchange, including the US dollar and euro, taken out of the country by resident Indians has shot up by 54.60 per cent during the fiscal ended [...]
Mexican Remittances Are the Continent’s Largest. Crypto Companies Want a Cut
Last November, Bitso also partnered with Circle, a peer-to-peer payments company, to launch a new international wire transfer product called Bitso Shi [...]
Forex: ABCON asks CBN to de-risk BDCs operations to receive diaspora remittances – Vanguard
Forex: ABCON asks CBN to de-risk BDCs operations to receive diaspora remittances Vanguard
www.vanguardngr.com [...]
The dynamics of foreign exchange and remittances in Sri Lanka – The Island
By Bilesha Weeraratne
Written Ahead of International Migrants’ Day on December 18, 2021
Despite the pandemic and related difficultie [...]
Forex-depleted Sri Lanka reins in black market remittances
The Sri Lankan government yesterday threatened to freeze the ba [...]