remittances – Page 5

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 as those in Belarus, an ally of Moscow, backing its military operation. Western Union Condemns Invasion of Ukraine, Halts Services in Russia and Belarus Money […]

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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.

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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 first foray of the company into the Mexican remittance business, allowing customers to cash out in more than 37,000 convenience stores and other locations in […]

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Tonga to copy El Salvador bill making Bitcoin legal tender says former MP

In a ruling that is “almost identical to the El Salvador bill,” Tongan bigwig Lord Fusitu’a anticipates that his country could adopt Bitcoin by November.

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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.

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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.

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Facebook’s Novi Launches Pilot Program in Guatemala and US Using Pax Dollar

Novi, Facebook’s digital wallet, will launch a pilot program to test the functionality of the service in two countries: Guatemala and the U.S. The test will allow Novi to test all of its main functions and to evaluate what things need to be improved before launch. Novi will use pax dollars as the main currency […]

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5 Countries Will Accept Bitcoin as Legal Tender by End of Next Year, Says Bitmex CEO

By the end of next year, at least five countries will have accepted bitcoin as legal tender, the CEO of cryptocurrency exchange Bitmex has predicted. He cited three key reasons why he arrived at this conclusion. “Developing countries will jump into crypto in 2022,” he said. More Countries Will Adopt Bitcoin as Legal Tender The […]

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Nigeria Central Bank Governor Says CBDC Launch Just ‘a Couple of Days’ Away

The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has confirmed the country’s upcoming digital currency will be launched “in a couple of days from now.” According to the governor, the digital currency which is also known as the e-naira will be the first of its kind in Africa. Nigeria to Launch CBDC […]

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Moneygram Partners With Stellar Development Foundation to Allow Users to Make Remittances With USD Coin

Moneygram, one of the leaders in the cross-border payments and remittances market, has partnered with the Stellar Development Foundation to use the Stellar blockchain for settlements. The company will use the native version of USD coin (USDC), a popular stablecoin, to simplify and accelerate the process of sending remittances. This also means that Moneygram will […]

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