Remittance Goes Mobile, Powered by Bitcoin
Everything has gone mobile these days, thanks to the ubiquitous mobile phones. Everyone has one, and anyone can afford one. There are over 3.5 billion mobile subscribers across the globe, half of which are smartphones. According to "The Mobile Economy 2014" report by GSMA, at least 2.2 billion users access the internet using their phones (2013). Now armed with this data, we can easily deduce how stiff the competition is in the mobile phone and applications sector. The same holds good for bitcoin apps too. There are so many bitcoin apps currently available in the market, out of which two of....
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The 6th annual Remittance & Mobile Money Expo, held today and tomorrow – Feb. 2 and 3 in Lagos, Nigeria, will address the challenges and opportunities in the emerging African remittance market. Billing itself as the largest gathering of stakeholders in the remittance ecosystem serving Africa, the conference will be at the Lagos Oriental Hotel. The theme of the conference, hosted by MobileMoneyAfrica, a resource for mobile financial inclusion, is “lowering transaction cost.” There will be more than 30 speakers. According to MobileMoneyAfrica, Nigeria is the largest remittance....
Token Hub Asia in the Philippines recently celebrated its one-year anniversary as a remittance service for an altcoin called Eternal Coin (XEC) serving the Philippines, Japan, Hong Kong and Korea. Eternal Coin is owned by a Japanese company called Atom Solutions. The service charges users a flat 2 Philippine peso (approx $ 0.04 USD) remittance fee. It is possible to send the funds directly to a recipient’s mobile phone. Remittance Via Mobile Phone. “Through the use of your own mobile device, Eternal coin is the world’s first digital currency in which the transmission can be performed with....
Abra is gearing up to release its bitcoin-powered remittance app in the next few weeks, pending final approval from the Apple App Store. The company, which recently closed a $12m Series A funding round, has announced its remittance app will be first available to customers in the US and the Philippines, with other countries in the pipeline over the weeks and months ahead. Today, Abra also unveiled two previously undisclosed investors in its funding round: American Express, by way of its venture arm American Express Ventures, and Ratan Tata, a well-known Indian business magnate.....
Mobile payment solutions are the new hype right now, as consumers from all over the world are looking for more convenient ways to pay for goods and services. No one would have expected Viber to become a major player in the financial world anytime soon, but their recent partnership with Western Union shakes things up quite a bit. While Bitcoin remains a cheaper remittance solution, this partnership has a lot of potential. Mobile Remittance With Viber. In this day and age, there are so many different social messaging applications that it becomes hard to keep track of them all. Viber is one....
This new venture by HomeSend will allow users to send money to any mobile number in Ethiopia. The company feels that by going digital, they can formalize all money transfers in and out of the country. Cash is the dominant form of transferring value in the remittance sector. Even though users can fund the transfer with bank transfers or credit cards, recipients will always get paid out in cash. Over in Ethiopia, the competition is heating up, as HomeSend plans to reduce cash usage for remittance services. Instead, they feel the mobile space may hold the solution to provide more security.....