Cryptocurrency Analysis and News Portal
Western Union may be preparing to offer crypto-related services, judging from trademark applications filed by the company last week. This is the latest of several attempts the company has made to enter the cryptoverse. So far, it has had limited success.Western Union filed for three trademarks on Oct. 18. According
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Remittance payments, fiat fears, and profit-chasing have been the three most significant drivers of crypto adoption in Latin America, according to a new report. The seventh-largest crypto market in the world saw the value of cryptocurrencies received by individuals rocket 40% between July 2021 to June 2022, reaching $562 billion,
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The partnership aims to improve people’s access to dollar-linked stablecoins in countries with rapidly devaluing currencies. Original Source
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Summary: South Korean authorities have launched a probe into the Bitcoin ‘Kimchi Premium.’ The investigations cite that the Kimchi Premium was used to make profits that were transferred abroad through illegal remittances. Authorities in South Korea have launched investigations into the famous Bitcoin ‘Kimchi’ premium. According to local reports, the Seoul Central District Prosecutor’s
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Salvadorans living abroad have sent over $50 million in remittances from January to May this year, according to the El Salvador Central Reserve Bank.Douglas Rodríguez, president of the El Salvador central bank, unpacked the general economic outlook for the country on the local television news program Frente a Frente on
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“There’s no doubt that the Mexico-United States corridor is an extremely important market for us. Many people within that corridor depend on remittances to meet their basic needs and this drives our commitment to bring these cross-border payment services to other countries where we operate,” Bitso Business Development Leader Carlos
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Digital cash systems built on the blockchain must retain the qualities of physical money in order to attract more users in developing countries — and must be able to do so without regulatory constraints — according to Circle CEO Jeremy Allaire. In a panel discussion at the World Economic Forum’s Annual
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Last November, Bitso also partnered with Circle, a peer-to-peer payments company, to launch a new international wire transfer product called Bitso Shift. It’s designed for small businesses and freelancers, allowing them to change their dollars into stablecoins, send them to Mexico, and be collected in Mexican pesos. The service charges
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Tap Send, the creator of a remittances app of the same name, revealed it has raised $65 million in a Series B funding round. The fintech firm plans to use the funds to build a cheaper and faster cross-border money transfer platform. Remittances to Overlooked Countries The fintech startup behind the
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Nigeria is once again Sub Sahara Africa’s biggest recipient of remittances into the region where the money transfers went up by 6.2 percent to $45 billion, a new World Bank report has shown. The Impact of Nigerian Policies on Remittances According to the November 17, 2021 press release, this increase in
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