Shinhan Bank Opens the Door for Bitcoin Remittances
Shinhan Bank in Seoul is establishing a new bitcoin remittance service between its native Korea and neighboring region China. Bitcoin remittances are all the rage, particularly in Asia and Africa. Companies ranging from Bitspark to OKLink are enabling payments to both India and Indonesia, while the Central Bank of Nigeria is empowering foreign remittances. Migrants working outside their native borders are often made to look for alternatives in order to provide for their families. Currency exchange rates tend to invoke large fees and even dismiss certain portions of one’s earnings, but....
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