remittances

Crypto Remittances Prove Their Worth in Latin America

Western Union recently announced it would be suspending U.S. dollar transfers to Cuba, due to sanctions from the United States. This may only increase the attractiveness of sending remittances with cryptocurrencies, which are much more resistant to geopolitical tensions. According to the World Bank, Latin America’s formal remittance market is around $96 billion. But traditional …

Crypto Remittances Prove Their Worth in Latin America Read More »

Ripple has sold $15M of its stock in MoneyGram

Ripple Labs has sold a huge chunk of its 2019 investment in MoneyGram.  Per a Friday night filing with the Securities and Exchange Commission on Friday night, from Nov. 27 through Dec. 4, Ripple Labs managed to sell 2,264,113 shares of MoneyGram (MGI). The tech firm netted a total of $15,303,792.60 from the sales. MoneyGram’s stock …

Ripple has sold $15M of its stock in MoneyGram Read More »

Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto

<div class=”featured_image_container”> </div> <strong>The governor of the Central Bank of Nigeria (CBN) Godwin Emefiele says the embrace of the parallel market exchange rate by some professionals in that country is unfair and unfortunate. The CBN governor says the parallel foreign exchange market only accounts for a share of the market that does not exceed 5%. …

Central Bank of Nigeria Governor Decries the Use of Parallel Exchange Rate as Citizens Switch to Crypto Read More »

Ripple Is Selling 33% of Its Stake in Moneygram

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/422919″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/1456×360-19.jpg” alt width=”728″ height=”180″></a></div><strong>Ripple Labs Inc. is selling 4 million of its shares in Moneygram, or about a third of its total shareholding in the company.</strong> The decision seems in part to be motivated by the surging Moneygram share price and …

Ripple Is Selling 33% of Its Stake in Moneygram Read More »

Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/411174″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/11/daw_1456x360-20.jpg” alt width=”1456″ height=”360″></a></div><strong>According to a new report, the depreciation of some currencies against the U.S. dollar is contributing to the declining international remittances. After touching an all-time high of $548 billion in 2019, the World Bank report now projects remittances …

Currency Depreciation to Blame for 7.2% Drop in Global Remittances: World Bank Supports Digital Remittances Read More »

Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies Meeting UN Goal

<div class=”featured_image_container”> </div> <div class=”td-a-rec td-a-rec-id-content_top “><div id=”bitcoin-2000826045″><a data-bid=”1″ href=”https://news.bitcoin.com/linkout/419836″ rel=”nofollow noopener noreferrer” target=”_blank”><img loading=”lazy” src=”http://scoreit.online/wp-content/uploads/2020/10/728×90-11.jpg” alt width=”728″ height=”90″></a></div></div><strong>The latest study by the World Bank shows that it costs 4.98% on average to remit funds to South Asia which makes it the least expensive region while sub-Sahara Africa is the most expensive with an average …

Remittance Costs Lower in Q3 World Bank Study Shows – Only Cryptocurrencies Meeting UN Goal Read More »

Tim Draper Heaps Praise on Bitcoin Cash

‘Bitcoin Will Never Ditch You’ Ad Dominates Front Page of Major Hong Kong Newspaper The number of bitcoin ads appearing in major newspapers is growing. The front page of Apple Daily, a major newspaper in Hong Kong, featured a “Bitcoin will never ditch you” ad this week. Bitcoin ads also recently appeared in leading … …

Tim Draper Heaps Praise on Bitcoin Cash Read More »

Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US

Nigeria’s weakening naira currency, as well as the shortage of U.S. dollars, are forcing businesses to switch to bitcoin as the means of settling payments for international transactions. Nigerian businesses need the American currency to buy new supplies, as well as to order essential equipment from abroad. However, formal sources of foreign currency like banks …

Nigeria’s Foreign Currency Crisis Boon for Bitcoin: Country Tops Wallet Downloads Ahead of the US Read More »

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 …

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

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 …

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