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Ripple Opens Shop in South America with Brazil’s $2 Billion Remittance Market

By CCN Markets: Ripple has announced the launch of operations in Brazil as it prepares to capture a slice of the country’s lucrative remittances market and the South American region as a whole. The enterprise blockchain solutions firm indicated that it made the decision in ‘response to high customer demand

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President Trump’s Proposed Remittance Tax is Pushing Bitcoin Adoption

President Donald Trump’s proposed remittance tax, which would levy additional fees on money being sent outside of the United States in an effort to curb immigration, could have the end effect of driving cryptocurrency adoption. While much of the geopolitical focus of cryptocurrency has been on the development of Brexit and

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Ripple (XRP) Partner Secures a Digital Remittance License, Price Bounce off 34 Cents

Ripple (XRP) prices back to green, stable above 34 centsMoneyMatch, a Ripple partner, based in Malaysia now has a remittance licenseMalaysia’s MoneyMatch is about to graduate from the country’s regulator sandbox and now have a digital remittance license. As a Ripple partner, this is bullish. Building and partnership will eventually

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Thai, Myanmar Central Bank Governors Endorse Blockchain Remittance Service

The governors of two central banks endorsed the Ethereum (ETH)-based remittance system developed by blockchain company Everex, the firm reported in a press release shared with Cointelegraph today, April 5. The service is set up to send payments between Thailand and Myanmar.The system was reportedly presented by the startup,

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Ripple, Mastercard and Barclays Invest in Ripple-Based Remittance Firm SendFriend

Remittance company SendFriend has received investments from Ripple (XRP), the Mastercard Foundation, MIT Media Lab and Barclays in a funding round, according to a press release published on Feb. 11.In the round, the firm raised $1.7 million from investors — also including Techstars, Mahindra Finance, 2020 Ventures and 8 Decimal

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Pakistan’s First Blockchain-Based Remittance Service Launched Using Alipay’s Technology

A Pakistani financial institution has rolled out a cross-border remittance service based on blockchain technology developed by Alibaba affiliate, Alipay. Telenor Microfinance Bank and Malaysian fintech firm Valyou have partnered to offer the service to that will operate between Malaysia and Pakistan. The service is expected to enhance the efficiency and

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Pakistan Telenor Subsidiary Launches Remittance Service Using Alipay’s Blockchain Tech

The Pakistan-based subsidiary of global telecommunications giant Telenor has launched a blockchain-powered cross-border remittance service, according to a press release published Jan. 8.Per the announcement, the Pakistan-based Telenor Microfinance Bank (TMB), Valyou — a Malaysian fintech subsidiary of Telenor — and Telenor’s Easypaisa have jointly launched a blockchain-based international remittance

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South Korean Crypto Exchange Launches Ripple Powered Remittance Service

South Korea’s first blockchain powered remittance mobile app and web service will be launched this month by crypto exchange Coinone.‘Cross’ For Faster and Cheaper Cross Border RemittancesThe service, simply named Cross, will be launched by Coinone Transfer, a payments business and a subsidiary of the South Korean crypto exchange. The

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Japanese Insurer Sompo Partners With African BTC-Enabled Remittance Service BitPesa

Japanese insurance company Sompo has partnered with pan-African digital payment platform BTC Africa, also known as BitPesa, according to Sompo’s press release published Nov. 9.As Cointelegraph Japan has confirmed, Sompo Holdings Inc. invested 570 million yen ($5 million) Nov. 8 to acquire a 10 percent stake in BitPesa. BitPesa is

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