cross border remittances – Page 2

Nigeria’s CBDC ‘a Safer Option’ Than Privately Issued Cryptocurrencies: Central Bank Official

Post author:MiamiCrypto
Post published:September 14, 2021
Post category:Bitcoin CBDC Central Bank of Nigeria cross border remittances Cryptocurrencies Digital Currency e-naira Emerging Markets Folashodun Shonubi

As part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has claimed that the country’s upcoming central bank digital currency (CBDC)…

Zimbabwean Minister Says Cryptocurrency Based Solutions ‘Could Lower Charges for Diaspora Remittances’

Post author:MiamiCrypto
Post published:September 12, 2021
Post category:Bitcoin Blockchain cross border remittances Cryptocurrencies DMCC Crypto Centre Fintech Flexfintx Mthuli Ncube Reserve Bank of Zimbabwe Victor Mapunga

The Zimbabwean minister of finance, Mthuli Ncube, has once again talked up the potential advantages of using cryptocurrencies. In new comments made shortly after visiting the DMCC Crypto Centre in…

Annual US Dollar Remittances to Nigeria Surge to $34 Billion but Forex Woes Persist

Post author:MiamiCrypto
Post published:August 31, 2021
Post category:Biodun Adedipe Central Bank of Nigeria cross border remittances Emerging Markets Foreign exchange inflation naira naira depreciation Nigerian diaspora remittances

According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion.…