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Tag: remittances

Everex partners with Myanmar’s Shwe Bank to Provide Migrants with Blockchain-Based Remittance Services

Category: Blockchain, Business, Finance, News, Regulation

Everex partners with Myanmar’s Shwe Bank to Provide Migrants with Blockchain-Based Remittance Services

On July 31, 2018, Everex and Myanmar’s Shwe Bank announced a partnership to provide a blockchain-based solution to migrants. The deal will pave the way for the introduction of a blockchain-based remittance service that will allow migrants from Myanmar and Thailand to access cheaper remittance services. Remittance Market Overhaul This partnership is poised to introduce a cheaper remittance service to…

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UK Remittance Firm TransferGo Launches Support for 5 Crypto Tokens

Category: Adoption, Altcoins, Bitcoin, Business, Ethereum, Finance, News

UK Remittance Firm TransferGo Launches Support for 5 Crypto Tokens

TransferGo, a remittance service based out of London, announced on July 27, 2018, that it would provide a platform to its customers to trade cryptocurrencies including bitcoin, ether, bitcoin cash, XRP, and litecoin. With this announcement, it also became the world’s first remittance company to offer a crypto trading facility. Service Launch Following Customer Demand CEO and founder of TransferGo…

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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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