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Nalezeno "Remittances": 280

Fiat Devaluation Drives Retail Bitcoin Transfers in Africa 56% in a Year: Report

10.9.2020
Monthly cryptocurrency transfers to and from Africa under $10,000 soared more than 56% from a year ago to reach $316 million in June, according to new research by U.S. crypto analytics firm Chainalysis. Altogether, $8 billion worth of crypto was received into the continent and $8.1 billion sent...

Tim Draper Heaps Praise on Bitcoin Cash

5.9.2020
Billionaire and venture capitalist Tim Draper has praised bitcoin cash after recently purchasing the coin. Lauding the ease of use as well as buying it, Draper encourages his followers to do likewise. Draper’s endorsement comes as the Bitcoin Cash (BCH) community braces for a fork instigated...

Nigeria Foreign Exchange Crisis: Worsening US Dollar Shortages Point to Further Devaluation

2.9.2020
Pressure on Nigeria’s current exchange rate is likely to get worse in 2021, when the expected recovery of imports is set to force another devaluation of the local currency to N430/$ next year, according to two Bank of America analysts. Earlier rate adjustments, one in March and another...

Nigerian Crypto Startup Yellow Card Raises $1.5 Million For Expansion in Africa

31.8.2020
Yellow Card has raised $1.5 million in a seed round. The Nigerian crypto startup said it will use the money to expand its operations in Africa while making it easier for people on the continent to buy and sell digital assets. Investors in the new round include Polychain, venture capital firm...

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

21.8.2020
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...

High Fees Make BTC Less Appealing for Remittances in Africa: ‘Pray Blocks Happen Quickly’

13.8.2020
Bitcoin trading volumes are on the rise on the African continent despite the ongoing concerns about the high network fees. Data shows peer to peer bitcoin trading platforms recorded spiked growth in volumes starting in April. This was the same time as many countries implemented lockdown measures....

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

2.8.2020
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...

Ignorance and Greed Sustain Cryptocurrency Scams in Nigeria

28.7.2020
Nigeria is not only Africa’s biggest cryptocurrency market but is also a leading adopter of digital currencies globally. Official figures show the country is well ahead of fellow African countries. Citizens of the West African state use cryptocurrencies for cross border payments as well...

Gifts and Remittances: Bitcoin.com’s New Tools Allow People to Send BCH via Email

30.6.2020
This month Bitcoin.com launched two services that help facilitate bitcoin cash adoption and crypto remittance via email. In a recent video on June 5, Bitcoin.com’s Roger Ver showcased gifts.bitcoin.com, a new feature that allows individuals to send BCH gift cards via email. Additionally...

Ripple Affiliate Coins.ph Joins New Remittance Network Reaching Unbanked Filipinos

23.6.2020
The blockchain firm is part of an 11,000 strong network of cash-out counters launched by UnionBank of the Philippines

An Indonesian Chef and the Remittance Industry’s $554B Problem

13.6.2020
When the coronavirus forced Chef Bagus to conduct his cooking classes online, he needed a good payment system. There wasn't one, but his customers helped find a workaround

MoneyGram Sees 100% Growth Against 2019 Usage

9.6.2020
MoneyGram saw a significant rise in user transaction numbers for May 2020 compared to the same period last year, coinciding with a partnership with Ripple that began last June

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

8.6.2020
Several factors make India the hallmark country for crypto adoption. Experts, however, agree that several challenges still stand in the way

How Bitcoin Fits Into Lebanon’s Banking Crisis

5.6.2020
Lebanon's crisis has been raging for years, but the devaluation of the Lebanese pound and a global downturn has made stable financial services even more urgent

India to Significantly Increase Crypto Market Share This Year: Report

1.6.2020
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...

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

27.5.2020
Indians are flocking to cryptocurrency due to high remittance fees and the difficulty of exchanging rupees to a more stable currency

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

22.5.2020
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...