Tag: remittances

Oct 04 2021

News From El Salvador, Early October: The Chivo Ecosystem’s Stress Test

Another month, another Bitcoin mined using volcanic power. That’s what’s happening in El Salvador, the little country that could. Plus, Moneygram alters its business. Problems and solutions with Chivo ATMs and the Chivo ecosystem as a whole. Stars in Bitcoin Beach and direct reports from the ground. This edition of our now regular news roundup comes full of action and heartwarming stories, so...

Sep 30 2021

Fortune Publishes their Most Disgusting Bitcoin Article Yet. Here’s Why.

Just when you thought Fortune couldn’t sink any lower in their Bitcoin slander, the publication tries to relate a neutral technology to “the alt- right” and “white supremacists.” Is this what journalism has devolved into? Unfortunately, in the case of Fortune,...

Sep 22 2021

The Case For Bitcoin In Pakistan

The decentralized, economically empowering technology could bring major benefits to the country.Executive SummaryThis paper is an attempt to highlight Bitcoin’s ever-increasing importance to Pakistan’s socioeconomic future. For purposes of our discussion, Bitcoin refers to the decentralized digital asset with a market capitalization of approximately $900 billion and growing as well as its...

Sep 08 2021

El Salvador: Does Everything Really Benefit Bitcoin?

While the development appears to be great for mass adoption, there is risk to the country making bitcoin legal tender.Yesterday was a truly historic moment for both El Salvador and Bitcoin. A sovereign nation has adopted bitcoin as legal tender and recognized it as a money not treated or taxed as a capital asset. The entire path from the announcement in Miami...

Aug 25 2021

Central American Bank For Economic Integration Bullish On Bukele’s Bitcoin Bet

As September 7th approaches, all the participants raise their heads. The Central American Bank For Economic Integration sat down with Reuters to discuss...

Jun 26 2021

Volcano Mining And President Bukele ’s Bitcoin Insights

As El Salvador prepares for the Bitcoin law to come into force, Bitcoinist keeps analyzing President Bukele ’s words. And he keeps using the right ones, “The Bitcoin system is so perfect, that I think it’s going to be the future. It’s the present, but it’s going to get bigger in the future.” That was one of the reasons that inspired...

Jun 21 2021

How Bitcoin Improves Financial Access And Inclusion

Bitcoin is, for many, the first opportunity to store wealth in a safe and secure manner, without outside manipulation.El Salvador’s decision to use bitcoin as legal tender in their country was recently celebrated by bitcoin HODLers around the world. Yet the International Monetary Fund (IMF) quickly expressed concerns...

Jun 14 2021

Small Bitcoin Transfers In El Salvador Have Surged

Jun 14 2021 Published at Bitcoin Magazine under tags  culture el salvador remittances

El Salvador, where Bitcoin is being embraced on an unprecedented level, has seen BTC transfers under $1,000 surge this year.With its president making it the first country to recognize bitcoin as legal tender, and inviting miners to...

Jan 15 2021

Ripple Tech to Power New Malaysia-Bangladesh Remittance Corridor

Jan 15 2021 Published at CoinDesk under tags  bangladesh business malaysia news payments

Malaysia's Mobile Money and Bangladesh's bKash will leverage RippleNet for wallet-to-wallet transactions.

Jan 06 2021

Strike Is Bringing The Lightning Network To More Than 200 Countries

Today, Strike announced a global initiative to bring its Lightning Network payments application worldwide. After a successful U.S. launch in 2020 and the announcement of its payday solution last week, Strike is rolling out its services to 200-plus countries....

Dec 09 2020

Crypto Remittances Prove Their Worth in Latin America

Dec 09 2020 Published at CoinDesk under tags  argentina bitso latin america markets mexico

Crypto remittances are growing in Latin America, particularly in the wake of other remittance platforms shutting off access to some markets.

Nov 17 2020

Western Union Suspends US Dollar Transfers to Cuba

The move follows the latest sanction from the Trump administration.

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