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Tag: remittances

Argentinian Bitcoin Updates: Banking, Democracy, and a Wine-Backed Cryptocurrency

Category: Bitcoin, Blockchain, Commentary, Ethereum, News, Tech

Argentinian Bitcoin Updates: Banking, Democracy, and a Wine-Backed Cryptocurrency

In April 2018, the capital city of Argentina celebrated “Bitcoin Day,” an event comprised of around 500 attendees who were curious about the ever-increasing demand for information on bitcoin. Now, an Argentinian Bank is continuing the celebration after announcing on May 22, 2018, that its customers can use the pioneer cryptocurrency as a cross-border payment option. Partnership with Bitex Argentina’s…

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BitMari Successfully Performs First Lightning Network Transaction

Category: Bitcoin, Finance, News

BitMari Successfully Performs First Lightning Network Transaction

A Zimbabwean startup, BitMari, has successfully performed a bitcoin Lightning Network test transaction with Tanjalo, a platform for bitcoin trading in Nigeria. This achievement marks a milestone for payments in Africa as users of this platform should expect lightning fast and extremely low fees on bitcoin transactions. Cross-border Payments Easier With Lightning Network Zimbabwe is a country that over the…

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BitPesa CEO: We Are Demonstrating Use Cases for Bitcoin Everyday

Category: Bitcoin, Blockchain, Business, Commentary, Finance, News, Tech

BitPesa CEO: We Are Demonstrating Use Cases for Bitcoin Everyday

Bitcoin and indeed the entire blockchain technology industry is seen as being a male-dominated field. In fact, the general narrative that describes the demographic distribution of the industry is one in which it is populated by Caucasian males between the ages of 18 to 40. BitPesa Since 2013 This gender divide isn’t strange when one considers that such similar demographic…

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What is Stellar and is it a Good Investment?

Category: Cryptocyclopedia

What is Stellar and is it a Good Investment?

At the end of 2017, the Stellar network’s cryptocurrency, the lumen, moved into the top ten of the largest cryptocurrencies. Stellar’s market capitalization rose from the $500 million mark to over $12 billion from November to January. In its January 6th peak, one lumen (XLM) was trading at $0.71. What is Stellar? Stellar is a decentralized network through which the…

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Western Union to Take Advantage of Blockchain Technology via Ripple

Category: Altcoins, Blockchain, Business, News, Tech

Western Union to Take Advantage of Blockchain Technology via Ripple

The world’s largest international money transfer service Western Union is poised to use Blockchain- based altcoin Ripple in making its cross-border money transfer services lightning fast and secure. More Testing and Potential Partners As per Bloomberg, the money transfer firm has hinted it’s weighing the advantages of blockchain technology, and it’s testing transactions with the Ripple, which is owned by…

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Ripple Remains Strong after Gaining a Foothold in UAE

Category: Altcoins, Business, Finance, News

Ripple Remains Strong after Gaining a Foothold in UAE

Ripple has been advancing in market cap recently despite a slide in value at the beginning of the year, and it turns out that is not the only aspect in which the company is striving ahead. The company has announced a deal signed with UAE exchange, in a move expected to create an opportunity to support exchanges carried across borders….

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Central Bank of the Philippines Plans to Regulate Bitcoin

Category: Bitcoin, Business, News, Regulation

Central Bank of the Philippines Plans to Regulate Bitcoin

Bankgo Central ng Pilipinas (BSP) is looking to regulate bitcoin and other digital assets in the Philippines. Seeking Guidance in an Unregulated World According to Chuchi Fonacier, Deputy Governor, the bank plans to impose new regulations for cryptocurrencies. The Philippine official wants specifically to work with exchanges and businesses whose business models revolve around digital currencies, as stated in a…

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Nigerian Startup Token Remittance Platform Takes On Western Union And Appears to be Winning

Category: Altcoins, Blockchain, Finance, News

Nigerian Startup Token Remittance Platform Takes On Western Union And Appears to be Winning

According to migration and remittances data from the World Bank, over $600 billion was transferred home by close to 250 million migrants worldwide in 2016. The main recipient locations were Sub-Saharan Africa ($39 billion), India ($69 billion), and Nigeria ($20 billion). Through traditional remittance companies such as MoneyGram and Western Union, international money transfers are unjustifiably costly, setting senders back…

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Centra’s Blockchain-based Card and Marketplace to Cut Costs of E-commerce

Category: ICO News

Centra’s Blockchain-based Card and Marketplace to Cut Costs of E-commerce

Centra Tech is holding an initial coin offering on September 19 to bolster their blockchain-based Centra card and other products to reduce the costs of commerce across borders. Based on Ethereum, CTR Tokens are utility tokens that will interact with the five core Centra products. Holders of these tokens will benefit from ‘cashback’ in the form of ether for transactions…

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BSP Greenlights Two Bitcoin Exchanges for the Philippines

Category: Bitcoin, News, Regulation

BSP Greenlights Two Bitcoin Exchanges for the Philippines

Two companies operating out of the Philippines have just been given the approval to operate Bitcoin exchanges by the Bangko Sentral ng Pilipinas (BSP). The acceptance of two bitcoin exchanges comes only months after BSP recognized two bitcoin companies experiencing $5-6 million a month in volume, compared to just half that in 2016. It was only February 2017 when the…

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