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The government of Venezuela has begun offering a cryptocurrency remittance service. Remittances can be sent using two types of cryptocurrency. The service was launched by the Superintendency of Cryptoassets and Related Activities, the country’s main crypto regulator, which has also set a monthly limit and a commission per transaction. Also read: SEC Chair Explains Key … 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
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
Medici Ventures, a blockchain/crypto specific division of Overstock.com, has acquired Bitsy.com in an effort to finally merge the worlds of online retail with decentralized, digital cash facilitated by the Bitsy’s new biometric wallet. The Crypto Winter, assuming it ends at some point, might be best defined by what companies in the space did to prepare for … Read more
There is a bright future ahead for digital assets in the world of global remittances. TEMPO Money Transfer is one of the platforms tapping Stellar and its native XLM asset to achieve this goal. Its integration with Stellar allows for cheaper and faster money transfers on a global scale. The TEMPO Money Transfer Concept Unlike … Read more
It would appear that blockchain technology is slowly making inroads in the world of remittances and money transfers. Numerous companies are exploring this technology as we speak, even though there are still only a handful of service providers officially running their services on a blockchain. The following companies, listed alphabetically, have contributed to this industry over … Read more
In a recent interview, Daumantas Dvilinskas, the founder and chief executive officer of Transfergo, a U.K.-based remittance firm that processes 1 million transactions each year on average, discussed the company’s decision to launch a cryptocurrency trading facility. Also Read: Bitcoin Mining News: Brookstone to Build Wind Farm in Morocco, Québec Increases Rates Transfergo Launches Cryptocurrency Trading … Read more
The peer-to-peer mobile payment service, Abra announced the integration of 20 new cryptocurrencies and 50 fiat currencies into the firm’s app with real-time exchange features. Today the company is rolling out 13 new digital assets and will release the remainder over the next week. Also read: Google Bans Crypto Ads: No Currencies, ICOs, Exchanges, Wallets, Advice … Read more
Some cryptocurrency enthusiasts are familiar with the company known as AirTM. Its goal is to bring financial services to the banked, unbanked, and underbanked populations alike. The service has been quite popular in Venezuela as well as other Latin American countries. To improve its offerings, the company has partnered with Zcash. A Major Milestone for AirTM Bringing financial … Read more
