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Stablecoins are emerging as the first true “killer app” of blockchain, shifting from speculative assets to critical financial infrastructure. Local currency stablecoins are gaining traction for domestic payments, while dollar-backed…
The crypto venture backed by President Donald Trump’s family plans to launch a foreign exchange and remittance platform targeting lower fees in the $7 trillion global currency market. World Liberty…
Moneygram, a remittance industry giant, is gearing up to include stablecoin-powered operations for its cross-border transactions in Latam, adopting USDC in collaboration with Crossmint. The move aims to cut costs…
Sofi (NASDAQ: SOFI) has announced the launch of its international money transfer service, allowing members to send funds abroad directly from the Sofi app with lower fees and faster delivery…
Western Union is set to expand its global reach with a $500 million Intermex acquisition, adding Intermex’s Ripple partnership to its arsenal of cross-border payment capabilities. Western Union Accelerates Global…
Marshall Long, an OG bitcoiner, recounted how he had to resort to stablecoins to send a remittance to a worker’s family in Iran. Long noted that stablecoins, rather than bitcoin,…
According to a report by Chainalysis and AUSTRAC, cryptocurrency rails for remittances are booming in Latam. This use case, which previously struggled to gain momentum, is currently experiencing significant growth,…
Numbers from the Central Bank of El Salvador indicate that crypto remittances sent to El Salvador fell by 45% compared to the first four months of 2024. Crypto flows sent…
Banco Industrial, the largest bank in Guatemala, has announced the integration of Sukupay, a crypto-based cross-border payment provider, to power its remittance services. Using Sukupay, Banco Industrial now offers its…
If Trump’s bill is passed as it stands, it would introduce a 5% tax on remittances affecting over 40 million people. Analysts warn that this could spur the use of…