remittances

US Court Dismisses Claims Against XRP: Report Shows Ripple Paid Moneygram $15.1M in Q2

The Northern California District Court finds that claims against Ripple Labs and its token made by two investors cannot be proven. The legal dispute, which began in May 2018, pitted Ripple Labs including CEO Brad Garlinghouse and disgruntled investors. According to a report, the discontented investors wanted the court to determine whether the “native token …

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Set to Grow, India’s Crypto Industry Must First Toil Tough Ground

Over the past few months, India’s cryptocurrency market has continued to be in a constant state of flux. From crypto bans imposed by the country’s central bank to a historic ruling by its Supreme Court to lift that ban, for most onlookers it appears that India’s crypto market has experienced a rebirth. A recent industry …

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How Bitcoin Fits Into Lebanon’s Banking Crisis

Lebanon’s financial crisis has banks looking for alternative monetary policy and citizens scrambling for alternative banking services. The economic crisis has been raging for years, but political turmoil and the pandemic-induced global market downturn has raised fears of government defaults and the devaluation of the Lebanese pound. As a result, more Lebanese people are seeking …

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India to Significantly Increase Crypto Market Share This Year: Report

India’s cryptocurrency market is set to gain significant market share this year, according to an industry report. The regulatory environment, the instability of the rupee, and remittances are key drivers that will send the Indian crypto industry soaring. Indian Crypto Sector Flourishing The Indian cryptocurrency market is poised to gain considerable global market share starting …

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Report: High Remittance Fees and Unstable Rupee Drive Crypto Adoption in India

A recent report highlights that India’s growing demand for cryptocurrencies is driven by the need for lower remittance fees and a more stable currency to store value.  The cryptocurrency spot and derivative exchange OKEx in collaboration with Coinpaprika studied the Indian cryptocurrency markets and estimated that the global share of cryptocurrency transactions in India will …

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South Africa Leads Crypto Revolution in Africa – Challenges Spur and Slow Adoption

Africans rank atop global cryptocurrency ownership rates, according to a new report by Arcade Research. South Africa ranks third globally with 13% of its internet users owning or using cryptocurrencies, while 11% of connected Nigerians own cryptocurrencies in the fifth-placed populous West African country. Uganda, Nigeria, South Africa, Kenya, and Ghana are listed in the …

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UAE Bank Opens Bangladesh Remittance Corridor using Ripple’s Blockchain Tech

United Arab Emirates-based retail and business bank, RAKBank, is expanding its remittance routes using Ripple’s blockchain technology. Ripple, which provides distributed ledger payments products for financial institutions, was selected to help the UAE’s 9th largest bank provide quick cross-border payments in a new Bangladeshi corridor. A partnership, announced Sunday, between Bangladesh-based Bank Asia and RAKBank …

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