Digital Dollar Project completes CBDC retail remittance pilot with Western Union

The project simulated transfers to customers of BDO Unibank in the Philippines with improved settlement time, cost and transparency.

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Crypto could eliminate 97% of traditional remittance fees: Coinbase

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

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Strike Launches Lightning Money Transfers to the Philippines

Strike rolls out Send Globally to $13.5 billion Filipino remittance market.

The post Strike Launches Lightning Money Transfers to the Philippines appeared first on BeInCrypto.

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Central Bank of Nigeria Looking to Launch CBDC in 2021

An official of the Central Bank of Nigeria (CBN) stated that the CBN is planning to issue its central bank digital currency (CBDC) before the end of 2021. CBN’s CBDC Project to Improve Foreign Remittance Transfers According to the News Agency of Nigeria on Thursday (June 10, 2021), Rakiya Mohammed, an IT specialist at theRead More

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CoinZoom Disrupts the Remittance Landscape With 0% Commission And Cryptocurrencies

Remittances are an essential way of supporting domestic economies in regions where financial hardship remains relatively common. Several regions worldwide rely on these money transfers, yet the COVID-19 pandemic is causing an issue.

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Remitano Makes Cross-Border Money Transfer Much Easier With New “Cash-Out” Feature

PRESS RELEASE. To simplify banking and meet its users’ Remittance needs across the globe, Remitano, a global escrow-marketplace, has just launched a smart, free, and safe approach for cross-border money transfers.

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Ripple’s XRP Accounts for About 10% of U.S.-Mexico Remittance Flow

Coinspeaker Ripple’s XRP Accounts for About 10% of U. S. -Mexico Remittance FlowU. S. -Mexico remittances are tilting towards the crypto space. This comes as Ripple indicates that XRP transfers account for about 10% of these cash flows.

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Ripple Gains Praise From US Consumer Financial Protection Bureau For Remittance Service

Ripple and XRP’s remittance potential in cross-border transfers has been recognized by the US Consumer Financial Protection Bureau (CFPB). According to a CFPB paper from May 11, the bureau responsible for providing the financial sector’s US consumers has been researching the remittance market’s new trends.

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Thailand remittance payment platform DeeMoney connects to RippleNet

DeeMoney, a fintech company based in Thailand specializing in digital cross-border money transfers, has announced its platform is now processing live transactions, in partnership with Ripple, the enterprise blockchain solution for global payments.

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Ripple signs remittance provider TransferGo to use RippleNet

TransferGo, an online remittance platform pitched at migrant workers, has entered into a new agreement with Ripple to use the company’s technology for cross-border transfers to and from Southeast Asia, Latin America and Africa.

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Wells Fargo To Launch Stablecoin Cryptocurrency in 2020

USA’s fourth-largest bank has announced it will develop its own cryptocurrency for international transfers in 2020.   United States’ 3rd Largest Bank Reveals Wells Fargo Coin In a press release on September 17, Wells Fargo said its new remittance platform would form an international payment network based on what it describes as “distributed ledger technology” (DLT).

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Panerora’s ICO Blockchain Payment Solution Is Ready to Change Africa

Banking services are not always accessible to everyone, not to mention that they sometimes come with high fees and slow processing time. But how can we change that? Well, Panerora.com has taken blockchain technology to create a revolutionary remittance system, that will provide its users with low-cost and fast transfers no matter where they are […] The post Panerora’s ICO Blockchain Payment Solution Is Ready to Change Africa appeared first on AMBCrypto.

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Ripple Supports Xendpay in Opening New Remittance Markets to Stay Ahead of the Competition

As an exclusively online service, Xendpay is able to provide its customers with some of the most competitive rates on cross-border money transfers. The London-based company even gives customers the option to waive fees with its Pay What You Want service.

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Bitcoin Whale Transfers $468 Million for ‘Low Dollar Fee’

Bitcoin takes a lot of criticism over its ‘unsuitability’ as a payments mechanism but when it comes to low fee transfers the digital-asset is king when compared to the fees charged by traditional remittance houses.

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Big Banks Announce Fiat-Pegged ‘XRP Killer’ Crypto For Settlements

Banking giants in the U. S. , Japan, and across Europe have created a consortium that will use cryptocurrency technology in cross-border transfers. The move also presents a direct competitor for Ripple’s XRP token.

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Are Ripple’s Advancements Underappreciated? How XRP Leads The Crypto Ecosystem In Many Ways

Ripple enables almost instant cross-border, international money transfers. Ripple’s main target market are banks which will hold large amounts of XRP to transact almost instantly with each other. Even though banks are the main target for Ripple, everyday people like you and I can use Ripple for money remittance purposes. A Tweet by XRP_Anderson set […]

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Euronet Subsidiary Ria Turns to Ripple Tech Seeking Faster Money Transfers

Ria Money Transfer, one of the world's biggest remittance firms, has joined Ripple's blockchain-based payments network.

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Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%

Remittances have become a lifeline for many people in Sub-Saharan Africa, but the cost of sending money via banks and money transfer operators remains punitively high. On average, it costs 9.3% (of value transferred) to send the equivalent of $200 to the region, the highest remittance rates anywhere on the planet, according to the new […] The post Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% appeared first on Bitcoin News.

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Western Union Partners With Crypto Wallet for Cross-Border Transfers

Crypto wallet provider Coins. ph has partnered with U. S. financial service company Western Union to enhance cross-border transfers to the Philippines. The partnership will grant over 5 million Coins.

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Ripple’s Adoption Is On The Rise As Coinbase Adopts XRP For Cross-Border Transfers: Should Holders Be Worried About Velocity?

Ripple’s XRP Adoption Is On The Rise As Coinbase Has Adopted It For Cross-Border Transfers, Should Holders Be Worried About Velocity? Coinbase, which is one of the largest crypto exchanges in the world and the main one in the United States, has recently decided to start offering a global remittance service. This new service will […]

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Coinbase allows remittance using cryptos such as XRP, Bitcoin [BTC] and USD Coin, says CEO Brian Armstrong

Brian Armstrong, CEO and Co-founder of Coinbase, spoke about the use of XRP and USDT for Coinbase international transfers, during an Ask-Me-Anything [AMA] session on YouTube. Sweden Fork, a Twitter user, asked Armstrong the reason behind Coinbase choosing XRP and USD Coin [USDC] for Coinbase international transfers, over Bitcoin [BTC], the largest cryptocurrency by market […] The post Coinbase allows remittance using cryptos such as XRP, Bitcoin [BTC] and USD Coin, says CEO Brian Armstrong appeared first on AMBCrypto.

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XRP, XLM and Bitshares Are Significantly Better for Remittances Than Any Fiat-based Solution, Blockdata Reports

The money remittance business has proven to be extremely lucrative, especially in recent years where fintechs have proven their ability to offer solutions that are much more efficient and cost-effective than traditional money transfers through.

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Op Ed: Hanging Money Launderers Out to Dry: The Role of KYC/AML in Blockchain

Crime isn’t supposed to pay, but sometimes the wages of sin are paid in bitcoin. Last week, Japanese police reported that 2018 saw a tenfold increase of cryptocurrency money laundering.

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Why Bitcoin Transaction Fat-Fingers Roll Back Progress

By design, blockchain based remittance fees are super cheap and Bitcoin’s is no exemption. Top priority transfers will offset a user 28 cents per transaction and therefore when one pays outrageous fees for small, ordinary transactions, the legitimacy of Bitcoin is called to question.

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Blockchain money transfer speeds put legacy systems to shame

A new report by BlockData says blockchain money transfers are 388x faster and 127x cheaper than legacy financial systems – shedding new light on how blockchain-based financial solutions are poised to disrupt the remittance system status quo.

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BitMart and Paxful Team Up to Generate Crypto Liquidity

On February 21, 2019, peer-to-peer bitcoin marketplace Paxful announced a partnership with trading platform BitMart for the purpose of vastly increasing the latter’s liquidity and scalability.

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Ripple, Barclays, and MasterCard Invest $1.7 Million into New Remittance Startup Using XRP

SendFriend, a new remittance startup utilizing the XRP cryptocurrency for cross-border money transfers, has received $1. 7 million in a… The post Ripple, Barclays, and MasterCard Invest $1.

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Bitcoin To Rescue For The $2.3 Billion Paid In Remittance Money Transfer Fees In India During 2018

Over $2. 3 Billion Was Paid In Money Transfer Fees In India Last Year – Would Use Of Bitcoin Bring Down Costs? Though much of the attention in money transfers is usually on speed and ease of use, the fees can add up.

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Indians Lost $2.3 Billion in Remittance Payments in 2018; Can Bitcoin Help with Near-Zero Fees?

According to The Times of India, money transfers cost citizens and non-residents over $2. 3 billion in fees last year for clearing payments into India, the world’s biggest market for inward remittance.

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Ripple Partners with National Bank of Kuwait Closing Out the Year

CoinSpeaker Ripple Partners with National Bank of Kuwait Closing Out the Year National Bank of Kuwait has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers.

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National Bank of Kuwait Taps Ripple for New Remittance Service

National Bank of Kuwait has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers.

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A New Australian Dollar-Backed Stablecoin Slated to Launch on Stellar

Utility billing and payment services provider Novatti is launching a new Australian dollar (AUD)-backed stablecoin known as the Novatti AUD Utility Token on the Stellar Network.

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Bahrain’s Leading Electronic Payment Provider Uses Ripple’s xRapid and Will Soon Launch Crypto Mobile Wallet

SADAD Electronic Payment System B. S. C. , a leading Manama-based payment getaway channel in Bahrain, is reportedly signing up for Ripple’s xRapid product for remittance servicing and cross-border money transfers.

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Ripple Blockchain-Powered Mobile Payment App ‘MoneyTap’ Comes Online in Japan

SBI Ripple Asia, a Joint-venture based in Tokyo, Japan has launched its blockchain based money remittance app. The app called MoneyTap can make real-time, no-cost domestic transfers using Ripple’s xCurrent payment solution.

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TransferGo Confirms xRapid Integration for Global Free Remittance Transfers

More and more companies are getting on board with Ripple’s xRapid. After three companies already unveiled their plans on Monday, TransferGo is now taking the same approach according to their recent announcement.

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Paxful CEO Ray Youssef Shows How Bitcoin Can Be Used for Social Good

Can bitcoin be used for social good? If anyone thinks so, it’s Ray Youssef, the CEO of peer-to-peer bitcoin platform Paxful. A successful entrepreneur in the crypto and blockchain space, Youssef comes from humble beginnings and understands the importance of maintaining control over one’s finances.

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Digital Remittance Solutions Provider TransferGo Launches Real-Time Transfers Using Ripple’s Network

If you can’t beat them join them. For one digital remittances solutions provider, this held true. TransferGo announced on September 5 that it had launched a blockchain-based real-time transfer system that’s powered by Ripple.

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TransferGo Launches Ripple-Based Remittance Solution for Europe to India Transfers

TransferGo launched a Ripple-based money transfer solution that allows users to send money from Europe to India.

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Top 6 Former and Current Remittance Providers Using Blockchain Technology

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.

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Wyre Adds MakerDAO Stablecoin Pairing for Global Money Transfers

Blockchain money transfer company Wyre has announced a partnership with MakerDAO, creator of the Dai stablecoin, to offer Dai as part of a fiat-crypto trading pair in more than 30 countries across the world including the U.

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REMIIT ICO (REMI Token): Blockchain Remittance Payment Platform?

This blockchain-based remittance platform connects worldwide MTOs. Based on the information published on their official site, the REMIIT reputation system evaluation, which is a key platform feature, lets the operators focus on the remittance business with other MTOs or partners, thus enabling secure transfers.

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TPX Network ICO

TPX Network aims to change the money transfer business. We will do this by leveraging blockchain technology and applying it to the online remittance business. Our app will give the customers the choice of using either fiat money or cryptocurrency to fund their transfers, cash out or even use payment cards.

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Alibaba’s Jack Ma Says Bitcoin Is a Potential Bubble, Blockchain Could Change the World

Jack Ma, a Chinese business magnate with a net worth of $42 billion, according to Forbes, said Bitcoin is potentially a bubble. His comments come as his financial services company, Ant Financial, launched blockchain-based money transfers between Hong Kong and the Philippines.

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Ant Financial Launches Blockchain-Based Remittance Service, Jack Ma Calls Bitcoin Potential Bubble

Alibaba’s Ant Financial launched a blockchain-based money remittance service for transfers from Hong Kong to the Philippines.

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Chynge unveils Stellar blockchain-based remittance service ahead of ICO

Chynge, a Singapore startup is soon launching an all-new decentralized remittance platform that will allow users to make instant, free and safe money transfers across borders.  Chynge unveils Stellar blockchain-based remittance service ahead of ICO

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