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Category: remittances
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Telcoin (TEL) gains 300% after layer-2 migration to the Polygon network
TEL price broke out into a vertical rally after a protocol upgrade and a layer-2 migration that enabled trading on QuickSwap.
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Nigerian Youth Propels the Country to the Top of Google Bitcoin Search Rankings
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Digital banking: How DeFi can lower costs for everyone
There’s often talk about how decentralized finance could eliminate the need for traditional banks… but what if DeFi could enhance their digital services?
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Ripple has sold $15M of its stock in MoneyGram
Ripple’s partnership with MoneyGram may not be as warm as it once was, but it’s paying off.
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Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto
The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does not exceed 5%. He also adds […]
The post Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto appeared first on Bitcoin News.
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Ripple Is Selling 33% of Its Stake in Moneygram
Ripple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company. The decision seems in part to be motivated by the surging Moneygram share price and Ripple’s desire to cash out after buying the shares at a premium of $4.10 in 2019. At […]
The post Ripple Is Selling 33% of Its Stake in Moneygram appeared first on Bitcoin News.
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Crypto cross-border payments, explained
What are the main advantages that crypto can offer when making cross-border payments, and what are the main challenges for consumers?
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Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances
According to a new report, the depreciation of some currencies against the U.S. dollar is contributing to the declining international remittances. After touching an all-time high of $548 billion in 2019, the World Bank report now projects remittances to drop 7.2% in 2020 to $508 billion and a further decline of 7.5% to $470 billion […]
The post Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances appeared first on Bitcoin News.
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Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies Meeting UN Goal
The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average cost of 8.47%. The quarterly study also finds that it is costlier to remit funds when using service […]
The post Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies Meeting UN Goal appeared first on Bitcoin News.
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