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Venezuela says it will incorporate bitcoin and litecoin wallets to its Patria’s Cryptocurrency Remittance Platform. In an update, authorities in the country say this move will enable Venezuelan citizens to formally receive remittances in cryptocurrency form. Many citizens of hyperinflation hit Venezuela already use bitcoin as a store of value as well as for cross … Read more
The global remittance industry is huge. World Bank data shows that over $148 billion was sent abroad from the U.S. alone in 2017. As people leave nations gripped by hyperinflation, or simply move to look for better opportunities abroad, sending cash back home becomes a necessity. As the people in Venezuela are discovering, this can be … Read more
A new report by a blockchain-focused research company asserts that there has been a spike in people using cryptocurrencies to send remittances. This growth is in part due to the high costs incurred when using more traditional methods such as Paypal. Also read: Seven Cryptocurrency Trends to Look out for in 2019 Easier, Cheaper, Faster The … Read more
It has been long been known that Facebook was working on a blockchain and crypto project. Most suspected that the new token would facilitate payments for Facebook’s 2.5 billion users on its social media platform. However, it turns out that Facebook’s maiden crypto project will focus on Whatsapp. According to sources familiar with the issue, … Read more
