Tags: remittances

The Solomons join tiny island nations worldwide at the forefront of CBDC development. Soc A new CBDC joins the very large crowd.

The deal aims to enable faster, cheaper payments between 27 African countries, working with three Onafriq partners.

Crypto remittances are a lifeline for many people who need to send money to their loved ones, as they provide faster, cheaper and more transparent transactions than traditional methods.

A small island nation in the Atlantic Ocean grapples with a cash economy influenced by tourism, remittances and limited resources. Can Bitcoin help?

The bank used the Hedera network to settle payments in South Korean, Thai and Taiwanese currencies in real-time in its second stablecoin pilot project.

The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users.

A bill introduced in Kenya could see a tax added to cryptocurrency and NFT transfers and has been met with a mixed reaction online.

(Rachel Sun/CoinDesk)

U.S. consumers sending international bank transfers pay more than $12 billion annually in remittance fees alone.

Cointelegraph’s Elisha Owusu Akyaw shares how cryptocurrency is changing the financial landscape in Africa — and the opportunities and challenges that come with it.

Bitcoin Lightning Network adoption receives a boost with the launch of USD payments and decentralized social media platform, Nostr.

The Philippines is one of the world’s largest remittance markets, at $35 billion, and Strike says it will use its service, powered by the Bitcoin blockchain‘s Lightning Network, to make the international payments faster and cheaper than available in the traditional financial system.

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in Central African Republic and expedite the development of the national economy.

A paper by researchers at the digital-assets firms says DeFi and blockchain technology could also reduce cross-border remittances costs by $30 billion a year.

The country‘s central bank will begin studying two possible cross-border CBDC settlement models this quarter.

While the FTX debacle has many Ponzi-like characteristics, most cryptocurrencies do not resemble the infamous schemes.

Fiji elects a pro-Bitcoin prime minister, signaling a positive future for Bitcoin adoption in the pacific island nation.