Remittance – DIGIT INFO

Thailand’s oldest bank announces stablecoin remittance services

DIGIT — Wed, 16 Oct 2024 17:01:23 +0000

The Siam Commercial Bank Public Company, founded in 1907, was the first bank established in the South Pacific country.

Nayib Bukele meets Elon Musk at Tesla to discuss AI, future of humanity

DIGIT — Sat, 21 Sep 2024 07:56:38 +0000

President Bukele visits Tesla to discuss the future of AI, Bitcoin, and El Salvador’s emerging role in tech innovation with Elon Musk.

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Ripple Teams Up with Onafriq To Alter African Remittance

DIGIT — Wed, 08 Nov 2023 08:49:07 +0000

Ripple, a pioneer in blockchain-based payment solutions, has produced a significant partnership with Onafriq, a fintech company, with a vision to establish novel remittance corridors among Africa and key regions such as the Gulf Cooperation Council (GCC), the Unified Kingdom, and Australia. Leveraging Ripple’s innovative payment technology, this joint effort sets out to address normal challenges in cross-border payments, including delays and costly fees, possibly upsetting the remittance landscape in Africa. We’re proud to announce that our partner @Onafriq will utilize Ripple Payments, our crypto-enabled payments technology, to open up three new payments corridors between Africa and the rest of

The post Ripple Teams Up with Onafriq To Alter African Remittance appeared first on The Merkle News.

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Australia marks first FX transaction using a CBDC as eAUD pilot continues

DIGIT — Thu, 18 May 2023 02:00:00 +0000

The Australian digital dollar was used in a trade for a U.S. dollar stablecoin using an Ethereum layer 2 blockchain.

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Kenya considers tax on crypto, NFT transfers and online influencers

DIGIT — Fri, 05 May 2023 01:41:26 +0000

A bill introduced in Kenya could see a tax added to cryptocurrency and NFT transfers and has been met with a mixed reaction online.

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Nigerian BTC Peer-to-Peer Volumes Nearly $400M in H1 of 2022 — Significant Growth in Kenya and Ghana Volumes

DIGIT — Thu, 25 Aug 2022 06:30:27 +0000

Nigeria’s peer-to-peer bitcoin traded volumes of over $1.1 billion between January 2021 and June 2022 mean the West African nation is now Paxful’s largest market. Kenya, which saw traded volumes of over $325 million during the same period, now ranks as the crypto exchange’s second-largest African market, and fifth overall. Financial Exclusion Driving P2P Bitcoin […]

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Nigerian Central Bank Told to Consider Floating the Naira, Recent Interest Rate Hike Slammed

DIGIT — Tue, 02 Aug 2022 11:30:03 +0000

The Central Bank of Nigeria should be discontinuing the fixed exchange rate system and let the naira freely float against the major currencies, Alhaji Aminu Gwadabe, the leader of a Nigerian association of bureau de change operators has said. The leader also slammed the recent adjustment of the central bank’s interest rate to 13%, which […]

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Traders sit idly by as Ripple (XRP) price struggles to avoid a drop to $0.70

DIGIT — Wed, 29 Sep 2021 17:57:38 +0000

Like other large-cap legacy altcoins, XRP is stuck in a rut, and data suggests investors are content just to sit and watch.

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Fintech Firm Centbee Graduates From South African Regulatory Sandbox

DIGIT — Fri, 24 Sep 2021 12:00:06 +0000

Fintech firm Centbee recently announced it has successfully completed the testing of its cross-border remittance application, Minit Money. The testing of the application was carried out within the framework of the South African Intergovernmental Fintech Working Group (IFWG)’s regulatory sandbox. Using Crypto to Enable Faster and Cheaper Remittances In a statement, the fintech firm claims […]

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Indian Bank Blocks Use of RBI’s Remittance System for Crypto While Government Delays Bill

DIGIT — Tue, 13 Jul 2021 11:00:26 +0000

Major Indian bank ICICI has asked customers not to use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. ICICI, a leading private sector bank in India, has updated its retail outward remittance application to include cryptocurrency. With this update, the bank has asked its customers to declare under India’s […]

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