World Bank – Page 6

IMF Spring Meetings: Digital Money Is Imminent, But No Decentralization in Sight

Governors of central banks and IMF experts remain suspicious of open blockchains

Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90%

As Traditional Remittance Rates Soar, Crypto-Based Transfers Can Cut Costs in Africa by 90% Remittances have become a lifeline for many people in Sub-Saharan Africa, but the cost of sending money via banks and money transfer operators remains punitively high. On average, it costs 9.3% (of value transferred) to send the equivalent of $200 to the region, the highest remittance rates anywhere on the planet, according to the new […]

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IMF and World Bank Launch Quasi-Cryptocurrency in Exploration of Blockchain Tech

The International Monetary Fund and the World Bank have launched a private blockchain and a quasi-cryptocurrency to learn more about the technology

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Blockchain Reality Does Not Match Advertisement, Says World Bank Official

World Bank official cautions over “big and flashy” tech such as blockchain

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Wine, Mountains, and Mining Rigs: Georgia as a Crypto Powerhouse

With a population of just 3.7 million, this nation is second only to China in crypto mining

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New Remittances System to Tackle Crypto Volatility When International Payments Are Made

Despite being slow and expensive, international remittances hit high records in 2017. A fintech company says crypto can deliver much-needed improvements #SPONSORED

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Alleged World Bank Rumor Might Send XRP Price Upward

In this world of financial uncertainties, one has to wonder how cryptocurrencies and digital assets will pan out in 2019 and beyond. For XRP, it would seem the downtrend is still in place right now, even though there are some interesting gains in the BTC department. For the time being, the value remains near $0.3, […]

The post Alleged World Bank Rumor Might Send XRP Price Upward appeared first on NullTX.

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Blockchain Can Reshape Global e-Government Procurement, Say World Bank Experts

New report says e-Government procurement can benefit from blockchain usage

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Irresponsible Borrowing Leaves Africa on Brink of Debt Crisis – Again

Irresponsible Borrowing Leave Africa on Brink of Debt Crisis - Again Irresponsible government borrowing has caused debt in many African countries to reach crisis level. Over the past 10 years, more than $80 billion in bonds have been issued to thirsty European investors by governments in Africa south of the Sahara, with public debt now making up about half of GDP. Bilateral loans, especially from China, add […]

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Pushing the Boundaries of Economic Change: Bitcoin as a Medium of Exchange in Africa

Bitcoin is pushing the boundaries of economic change in Africa. In East Africa, a new deal between digital currency exchange Bitpesa and a Japanese firm shows Kenyans are using bitcoin to pay for used Japanese cars, cosmetics and electrical gadgets. In Nigeria, Sure Remit is helping make cash transfers cheaper and in Zimbabwe, TV subscriptions, […]

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