Company Enables African Diaspora Remit in Bitcoin
Bitcoin startup Beam, headquartered in Ghana's capital Accra has created a product that will enable the Nigerian, and Ghanaian diaspora communities in the UK remit money home instantly and affordably. Each year the close to 100,000 Ghanaians in the UK send about US$ 23 million homeward. Nigerians in the UK who number close to half a million send US$ 3.8 billion home. Accordingto a report commissioned by Citizens International and published by the United States Agency for International Development, the main reasons for sending money home is to take care of basic needs such as food, shelter....
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Some of the rising stars of the bitcoin world that could boost bitcoin adoption in the next few months discussed successes and issues with the community at Bitcoin London today. "It's not 16-year-olds in basements anymore. Bitcoin is now aiming at corporations and institutions", said Nejc Kodric, CEO of Bitstamp. Pelle Braendgaard, CTO of money transfer company Kipochi (a Swahili word that means 'wallet') informed the audience that bitcoin is becoming increasingly popular in the African countries, with almost 100 transactions involving the cryptocurrency each week. "Our customers are....
Payment company Ripple is expanding the use cases for its On Demand Liquidity (ODL) solution, according to a press release. The company will enable its partner I-Remit to improve its treasury funds flow and management. Related Reading: How A Fake Bitcoin Transaction Is Tied To The GTA 6 Leak I-Remit has been working with Ripple […]
The Bitcoin remittance business is blowing up all over the world. South African financial website moneyweb brings us the report directly from the oldest continent. The conditions that led to El Salvador making Bitcoin legal tender are present all over Africa. The people are unbanked but everybody has mobile phones. Plus, the diaspora is huge and sends money home constantly while big companies rob them blind with high fees. Related Reading | Is Largely Unbanked Africa Primed for Bitcoin Adoption? “The African continent has many opportunities for widespread Bitcoin adoption. One of....
Ripple's XRP token is in the middle of a bullish breakout, which could open the door to $1 next. XRP price swung higher on July 28 as its parent company, Ripple, entered an agreement with SBI Remit to back a remittance corridor from Japan to the Philippines.Positive news boosts XRP priceThe Ripple blockchain's native cryptocurrency, also ranked as the sixth-largest digital asset by market cap, reached its one-month high of $0.759 after rallying 17.73% intraday. At a monthly low, it was changing hands for as little as $0.514.XRP sustains its uptrend amid a market-wide bullish mood. Source:....
SBI Remit and Tottori Bank are launching international money transfer services on April 20, extending what XRP-focused observers describe as Ripple’s bank-linked remittance footprint in Japan. The partnership marks the 26th collaboration between SBI Remit and a financial institution, with Ripple’s distributed ledger technology again referenced as part of the service stack. The Ripple angle […]