Technicals suggest Bitcoin is still far from ideal for daily payments
Even with the rise of layer-2 solutions, many experts believe Bitcoin may have missed the boat as a currency for day-to-day remittances go. Go to Source Powered by WPeMatico
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UN Report: Venezuela Ranks Third Among Countries With Most Crypto Adoption
Venezuela, one of the first countries in Latam to be considered “crypto-friendly” by some standards, has ranked third in adoption rates, according to a report issued by the United Nations. The report, issued last month, states that the cryptocurrency ecosystem has grown by 2,300% between September 2019 and June 2021, and that the Covid-19 pandemic … Read more
Kenya Has Highest Proportion of Crypto Owning Citizens in Africa UNCTAD Data Shows
The latest data from the United Nations Conference on Trade and Development (UNCTAD) suggest that Kenya has the highest proportion of crypto-owning inhabitants than any other African country. To counter the growing use of cryptocurrencies, UNCTAD said it recommends the imposition of taxes that discourages crypto trading. ‘A Way to Protect Household Savings’ According to … Read more
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. Go to Source Powered by WPeMatico
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.” Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
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 … Read more
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. Go to Source Powered by WPeMatico