remittance News

A report by Ripple and the US Faster Payments Council suggests that blockchain could save financial institutions $10 billion by 2030

Remittance in Bitcoin and cryptocurrencies to El Salvador fell 26.5% in H1 2023

Remittances are an essential flow of money for many nations globally. Without people sending money back home to friends and family, many people would be off far worse. The role of cryptocurrencies in this equation remains uncertain, although there are…

The United States Consumer Financial Protection Bureau (CFPB), an agency that focuses on protecting the interest of consumers in the financial sector, has acknowledged the potential of Ripple and XRP in the remittance ecosystem, according to reports on May 18,…

United Arab Emirates-based commercial bank RAKBank has partnered with Asia, a major bank in Bangladesh to facilitate cross-border remittance transactions. Ripple’s digital payment solution RippleNet will be utilized for the initiative. Banks Expand Cross-border Remittance with DLT According to a…

Siam Commerical Bank, a 112-year-old financial institution, announced a mobile banking interface that facilitates cross-border transactions at a lower cost. Asia is the world leader in mobile banking with China and Thailand boasting 86 percent and 67 percent mobile penetration…

Vietnam-based TPBank (Tien Phong Commercial Bank) has become the latest member to join Ripple Inc.’s blockchain-powered enterprise-grade payments network RippleNet. This, according to a report by Yahoo! Finance, November 4, 2019. Ripple On-Boards Vietnamese Bank to the RippleNet Network Ripple’s…

According to a press release published on January 8, 2019, Pakistan’s telecommunications company Telenor, in association with Valyou, has successfully launched a blockchain-enabled cross-border remittance service. Notably, the service is powered by distributed ledger technology (DLT) developed by Alipay. Rapid…

In a bid to make sending cross-border payments more straightforward and cost-efficient for clients, TransferTo, a platform that facilitates international mobile payments for emerging markets, has joined forces with Stellar blockchain project – the solid foundation behind the stellar lumens…

Cryptocurrency wallet and card provider, Wirex, added a Ripple (XRP) wallet to their portfolio on July 23, 2018, making the London-based company among the few to offer XRP tokens for accessible public use. Wirex Adds XRP Supported Cryptocurrencies Wirex has…

Bitspark, the Hong Kong-based bitcoin remittance firm that facilitates end-to-end, cross-border payments, had previously announced that it would no longer use bitcoin for its operations. On May 2, 2018, in conversation with Ej Insight, George Harrap of Bitspark explained what…