A license to execute remittance and financial transfers in partnership with a local fintech business, Berkah Digital Pembayaran, has been issued to cryptocurrency payment service Alchemy Pay by the central…
The international money transfer service Xoom, which is owned and operated by the financial technology company PayPal, has introduced a new offering that enables customers in the United States to…
The duo of the Qatari National Bank (QNB) and China Banking Corporation (China Bank), a private universal bank in the Philippines, are expanding the remittance capabilities of the RippleNet protocol…
HSBC and Wells Fargo have signed a strategic agreement to use a settlement ledger powered by blockchain technology when undertaking foreign exchange (FX) transactions. This move is deemed a stepping…
One of the big reasons why Nayib Bukele – president of El Salvador – is pushing bitcoin so much is because he thinks it will lessen remittance fees. According to…
Western Union and the majority of money service providers operating in El Salvador may lose their grip in the country as the new Bitcoin era becomes entrenched. CNBC reported, citing El Salvadorans…
The Central American Bank for Economic Integration (CABEI) believes that other central American countries could adopt Bitcoin as legal tender to follow El Salvador. The executives of CABEI recently talked…
Major Indian bank ICICI has asked customers not to use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. ICICI, a leading private sector bank…
Bitso, one of the biggest cryptocurrency exchanges in Latam, has reached unicorn status after a funding round that managed to raise $250 million with the participation of some big names…