Bitcoin in Zimbabwe: Importing cars and sending money to family
A young Zimbabwean Bitcoiner built out a business with Bitcoin — importing cars and sending remittance payments — when he returned to his homeland during the COVID-19 pandemic.
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MoneyGram’s USDC transfer service launches in several countries
The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.”
Crypto remittances must have allure of cash without regulatory constraints — Jeremy Allaire
The CEO of Circle joined Ripple’s Brad Garlinghouse and Asif Saleh of BRAC in a panel discussion at the World Economic Forum Annual Meeting.
The world doesn’t need banks, policymakers or NGOs — It needs DeFi
DeFi can usher in a system where people don’t have to pay international corporations 10% to send money home in the internet era of Web3.
Crypto users in Africa grew by 2,500% in 2021: report
A recent report by KuCoin reveals that the number of crypto transactions has increased by 2,670% in some African countries.
Western Union Suspends Operations in Russia, Belarus Over Ukraine War
Remittance giant Western Union has joined other financial services companies supporting sanctions in response to Russia’s invasion of Ukraine. The decision will affect customers in the Russian Federation as well…
How are Afghans using crypto under the Taliban government?
Afghans have shown great interest in cryptocurrencies and some are using them to avoid U.S. sanctions and get paid from other countries.
Coinbase to Allow Remittance Receivers in Mexico to Cash Out in Local Currency
Coinbase, a leading U.S.-based exchange, has announced it will now allow remittance receivers in Mexico to cash out the funds received through its service in local currency. This marks the…
Stellar partners tap USDC for remittances between Europe and Africa
Flutterwave is teaming up Tempo Payments to use USDC on Stellar to target Africa’s enormous remittances market.
Crypto remittances see adoption, but volatility may be a deal breaker
The path to mass cryptocurrency adoption passes through remittances, but it may not happen any time soon.