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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…
According to the Reserve Bank of El Salvador, the use of crypto to make remittances to the country has consistently accounted for less than 1% of the total share since…
The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the…
Lightspark hopes to enter Latin America’s cryptocurrency market through its partners in the region, including exchanges like Bitso and fintech institutions like Nubank. Nicolas Cabrera, Lightspark’s vice president of product,…