Tag Archives: remittance

[ad_2][ad_1] Singapore-based fintech firm, Lightnet Pte. Ltd., has announced a formal partnership with Siam Commercial Bank (SCB), the second partnership initiative the company has embarked on on the heels of its collaboration with Swiss bank SEBA. Lightnet Group leverages blockchain to provide remittance services across Southeast Asia for millions of …

[ad_2][ad_1] Singapore-based fintech firm, Lightnet Pte. Ltd., has announced a formal partnership with Siam Commercial Bank (SCB), the second partnership initiative the company has embarked on on the heels of its collaboration with Swiss bank SEBA. Lightnet Group leverages blockchain to provide remittance services across Southeast Asia for millions of …

[ad_2][ad_1] Ripple’s XRP remittance platform has the potential to simplify and increase the speed of international payments, according to a new report from a London-based financial think tank. The Official Forum of Monetary and Financial Institutions (OMFIF), an independent think tank for central banks, economic policy and public investment, highlights …

[ad_2][ad_1] Xago (Ripple) is poised to expand its business by raising funds from South African bank VC Capitec Bank and investment firm called Empowerment Capital. They are expected to work further to reduce the remittance fee and increase the speed. Xago, an African partner of Ripple, is ready to expand …

[ad_2][ad_1] Seoul, South Korea, November 11, 2020 (GLOBE NEWSWIRE) – (via Blockchain Wire) Danal Fintech, a subsidiary of Danal (www.danal.co.kr), one of South Korea’s largest payment companies, has announced today they are joining the ICON blockchain ecosystem, the largest decentralized network in Korea by market capitalization. Danal Fintech will integrate …

[ad_2][ad_1] By Extreme V.Eenezuela has announced that it will include cryptocurrencies such as Bitcoin and Litecoin wallets in Patria’s cryptocurrency remittance platform. The government authority has further updated that this step will allow Venezuelan citizens to officially receive cryptocurrency remittances. Although several Venezuelan citizens already use Bitcoin and use this …

[ad_2][ad_1] Ripple has bought XRP for tens of millions of dollars in the past three months to power its cross-border payment product, On-Demand Liquidity (ODL). In total, Ripple bought XRP for $ 45.55 million in the third quarter, up from zero in the second quarter. The San Francisco-based startup bought …

[ad_2][ad_1] Bitcoin (BTC) and Litecoin (LTC) wallets will be incorporated into Venezuela’s remittance platform Venezuelans will soon be able to formally receive remittances from abroad in BTC and LTC. Facing hyperinflation at home, Venezuelans have used cryptocurrencies such as Bitcoin to receive remittances from abroad and a store of value. …

[ad_2][ad_1] Source: Adobe / Zerophoto The Venezuelan government is ready to review its crypto-compatible Patria remittance platform, allowing for full operability with bitcoin (BTC) and litecoin (LTC) wallets. The platform allows people based abroad to send remittances to family and friends based in Venezuela, and also allows for home remittances …

[ad_2][ad_1] The latest World Bank study shows that the 4.98% average cost to remit funds to South Asia makes it the least expensive region while Sub-Saharan Africa is the most expensive with an average cost of 8.47 %. The quarterly study also finds that it is more expensive to remit …