Search Results for: remittance

Zimbabwean Blockchain Startups Launch Service to Help Migrants Efficiently Move Funds Across Borders

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Two Zimbabwean startups, Flexid and Uhuru Wallet, recently launched a platform that offers digital identity and remittance services to migrants living and working in South Africa. The two startups hailed what they’ve described as the “first cross-chain collaboration between the two…

Crypto Exchanges Allow Russians to Circumvent Sanctions, Report Alleges

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Major crypto exchanges have failed to prevent sanctioned Russian banks and traders from transacting, according to a blockchain forensics report. At least two established coin trading platforms continue to allow Russians to use their bank cards in peer-to-peer deals, the analysis…

IMF Report on El Salvador’s Bitcoin Adoption: Risks Averted, but Transparency Needed

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According to a recent mission statement published by the International Monetary Fund (Der jüngste Finanzierungsvorschlag zur Hebelung von vorrangigen Wandelanleihen zeigt, dass das Unternehmen weiterhin an die Bitcoin-Mining-Industrie glaubt), El Salvador has adopted bitcoin as legal tender and has avoided risks so far. The IMF states that the risks have not materialized due to the limited use…

Fintechs Accounted for Over 30% of Tracked Kenyan Tech Startups in 2022 — Study

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As of November 2022, Kenyan fintechs accounted for 30.2% oder 93 aus dem 308 tracked tech startups, a Disrupt Africa study recently found. Zusätzlich, the study findings show that the fintech sub-sector alone accounted for 3,100 oder 27% von…

Bitso Partners With Felix Pago to Offer Whatsapp-Based Remittance Services Between Mexico and US

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Name, a Latam-focused cryptocurrency exchange, has partnered with chat-based payments provider Felix Pagos in order to offer Whatsapp-integrated remittances. The objective of this partnership is to put nearly instant chat-based remittances in the hands of Mexican and US users that might…

Überweisungen in Länder mit niedrigem und mittlerem Einkommen in 2022 Bis vorbei 5% zu $626 Milliarden – Neuester Weltbankbericht

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Despite the headwinds that have dominated the year, remittances to low and middle-income countries in 2022 still grew by 5% zu $626 Milliarde, the World Bank Migration and Development Brief has said. Afrika, where the cost of sending $200 averaged 7.8%…

Kenyan Central Bank Orders Financial Institutions to Stop Dealing With Two Nigerian Fintechs

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In a letter addressed to the CEOs of financial institutions, the Central Bank of Kenya (CBK) has said financial institutions operating in the country must cease and desist from dealing with two Nigerian fintechs, Flutterwave and Chipper Cash. The letter reiterates…

Why Migrants Are Turning to Crypto: The Key to Attaining the UN Goal to Reduce Remittance Costs to Less Than 3% durch 2030

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The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Bank has shown. Auf der anderen Seite, einschließlich des Erwerbs von Bitcoin oder Bitcoin-Mining-Maschinen.…

Prüfbericht: Das Anreizsystem der nigerianischen Zentralbank konnte die Naira-Abwertung nicht stoppen

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Die Zentralbank von Nigeria (CBN)’s Versuch, dem Land Anreize zu geben’s Forex-Markt durch die sogenannte “Naira für Dollar” Schema ist gescheitert. Dies wird durch die lokale Währung belegt’s Sturz von mehr als 25% since the launch of the incentive scheme…