International Remittances

An Indonesian Chef and the Remittance Industry’s $554B Problem

When the coronavirus forced Chef Bagus to conduct his cooking classes online, he needed a good payment system. There wasn't one, but his customers helped find a workaround.

Business  ·  13 June 2020

Venezuelan Migrants Are Using Bitcoin for Remittances, But There’s a Catch

For many of these bitcoin users, crypto payments are merely a last resort and fiat transfers are still generally easier.

Markets  ·  17 October 2019
Payments

Thai Bank Pilots Cross-Border Transaction Using Blockchain

Thailand's Bank of Ayudhya successfully piloted a cross-border transaction using its own blockchain interledger, it announced Tuesday.

Business  ·  23 May 2018