remittances

Remittances Partnership to Use Cambodia Central Bank’s Blockchain System

Malayan Banking Bhd (Maybank) has signed a memorandum of understanding (MoU) with the National Bank of Cambodia (NBC) on cross-border…

Venezuelan Migrants Are Using Bitcoin for Remittances, But There’s a Catch

In 2018, Deimer González packed his college diploma, clothes and a mobile wallet with 1.5 BTC in savings and left…

Mastercard, R3 to Develop a Blockchain Cross-Border Payments Platform

Payments giant Mastercard is to develop a blockchain-powered cross-border payments platform in partnership with enterprise-focused blockchain firm R3. In an…

Venezuelan Official Says Remittance Platform for Petro is Ready to Use

National Superintendent of Cryptoactives Joselit Ramírez has announced that crypto remittance platform Patria Remesa is live and functioning. Radio announcement…

Ripple Partnership Provides New Payment Rail for UK Remittance Firm

Distributed ledger startup Ripple has added a new client to its to its global settlements platform, RippleNet. UK-based remittance firm,…

Philippines’ UnionBank Launches Stablecoin, Conducts the Country’s First Bank Blockchain Transaction

The Philipines’ UnionBank has issued its own stablecoin, PHX, according to Filipino media PhilStar Global. With the issuance, the bank…

SWIFT Vs. Ripple — The Importance of Speed in Cross-Border Payments

The emergence of blockchain technology has undoubtedly altered the course of global digital payment development. With the likes of Ripple…

XRP, Libra and Visa to Fight It Out for Cross-Border Remittance Crown

The increased penetration of cryptocurrency in the digital payment arena appears to be affecting the landscape of cross-border remittances. Financial institutions and…

Ripple to Invest Up to $50M in MoneyGram Following New Partnership

Major money transmission network MoneyGram has entered into a strategic partnership with blockchain-based payments firm Ripple, according to a press…

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