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Remittances
Pakistan to Explore Blockchain for Multibillion Dollar Remittances From Abroad: Adviser
Blockchain technology could help improve the speed and lower the cost of cash transfers from migrant workers, Bilal bin Saqib said in an interview.
The Future Is Open Finance
Web3 will be the vehicle for true financial access and independence, Aptos Labs CEO Mo Shaikh and FinTech Director at the Milken Institute Nicole Valentine write.
Jack Mallers' Strike Service, Send Globally, Tackles Bitcoin-Fiat Remittances
The new Lightning-based service gives foreign workers a new way to send their pay back home quickly and cheaply. That’s why Send Globally is one of CoinDesk’s Projects to Watch 2023.
Jack Dorsey’s TBD Teams Up With Circle to Take US Dollar Stablecoin Savings and Remittances Global
The partnership aims to improve people’s access to dollar-linked stablecoins in countries with rapidly devaluing currencies.
Latin American Exchange Bitso Brings Crypto Remittance Service to Colombia
The company launched a similar business in Mexico in 2021.
At Davos, Crypto Is No Longer on the Outside
Cryptocurrencies have taken a prominent role at the World Economic Forum’s annual meeting in Davos, despite the mainstream finance world’s apparent contempt for the sector.
Six of 10 Salvadorans Quit Using the Chivo Wallet After Getting the Bitcoin Incentive, Study Finds
“Most users who used Chivo after spending the $30 bonus do not engage with the app intensively,” the U.S. National Bureau of Economic Research reported.
How This Taiwanese Fintech Company Wants to Bridge the World Using Stablecoins
Taiwan's conservative outlook and strict regulatory environment has limited the country from being a regional financial hub like neighbors Hong Kong and Singapore. Wayne Huang, CEO of Taipei-based TradeTech fintech, discusses how his firm plans to step in to build bridges between countries for business remittances via stablecoins. Plus, insights into the larger crypto environment in Taiwan, the impact of China's crypto crackdown, and concerns of US regulations.
Should Western Union Worry About Stablecoins?
For now, stablecoins are used mostly in the speculative crypto economy. Will that change?
El Salvador’s Bitcoin Law and Impact on Remittances
El Salvador’s new bitcoin wallets could cost money services providers like Western Union and MoneyGram $400 million a year in commissions for remittances, according to CNBC. “The Hash” panel discusses the potential impact of El Salvador’s bitcoin adoption on its remittance payments and the country’s wider economy.