cross border remittances

Remesas a países de bajos y medianos ingresos en 2022 Subido por 5% a $626 Miles de millones: último informe del Banco Mundial

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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% a $626 mil millones, the World Bank Migration and Development Brief has said. África, where the cost of sending $200 averaged 7.8%…

CBDC garantiza que Nigeria siga siendo competitiva en un mundo cada vez más digital: gobernador del banco central

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The governor of the Central Bank of Nigeria (CBN) has insisted the recently introduced e-naira digital currency can potentially boost trade and investment activities in the country. He added the digital currency “would be necessary in the future to ensure Nigeria…

‘Bitcoin Is Worth Zero’ — Kenyan Communication Strategist Warns African Investors to Be Wary

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A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin…

Chipper Cash Extends Peer-to-Peer Money Transfer Service to South Africa

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Chipper Cash, an African fintech start-up, has extended its peer-to-peer instant money service to South Africa. In addition to being able to use the remittance service, South African users will be able to buy, sell, and transfer cryptocurrencies like bitcoin, etéreo,…

Zimbabwean Minister Says Cryptocurrency Based Solutions ‘Could Lower Charges for Diaspora Remittances’

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The Zimbabwean minister of finance, Mthuli Ncube, has once again talked up the potential advantages of using cryptocurrencies. In new comments made shortly after visiting the DMCC Crypto Centre in Dubai, Ncube raises the possibility that the country might use cryptocurrency-based…