Remittances

Funding Rounds

Ripple, Barclays Accelerator Back $1.7 Million Round for Remittance Firm

Barclays' accelerator program, Ripple and others have backed a $1.7 million round for a new remittance startup that will use XRP.

Business  ·  12 February 2019
Thailand

Two Remittance Firms Go Live With Ripple-Based Payments to Thailand

Remittance firms UAE Exchange and Unimoni now offer blockchain-based payments to Thailand using RippleNet.

Markets  ·  11 February 2019
Banking

Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency

Saudi Arabia and the United Arab Emirates are hoping a shared digital currency can cut remittance costs between the two countries.

Policy & regulation  ·  29 January 2019
Banking

Pakistani Bank Teams With Alipay for Blockchain Remittances

Pakistan-based Telenor Microfinance Bank has launched a remittances service using blockchain tech from Alipay.

Business  ·  9 January 2019
Payments

Where the Future of Crypto Payments Is Being Built

The Philippines may not be the crypto capital of the world – but it may be where infrastructure building runs the deepest.

Business  ·  29 December 2018
Payments

National Bank of Kuwait Taps Ripple for New Remittance Service

National Bank of Kuwait has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers.

Tech  ·  28 December 2018
Stablecoins

Facebook to Develop its Own Stablecoin for Remittances: Report

Social media giant Facebook is reportedly working to launch its own stablecoin for money transfers through its popular messaging app WhatsApp.

Markets  ·  21 December 2018
Bitcoin

Venezuela Isn’t the Crypto Use Case You Want It to Be

Cryptocurrency enthusiasts love to talk about Venezuelan users as an example of bitcoin's subversive potential – but the reality is more complex.

Markets  ·  19 December 2018
Payments

UAE Remittance Firm Launching Ripple-Based Payments in Q1 2019

Abu Dhabi-based money transmitter UAE Exchange is working with Ripple to launch blockchain remittances to Asia early next year.

Business  ·  13 December 2018
Exchanges

Coinone Exchange Launches Cross-Border Payments App With Ripple Tech

South Korean crypto exchange Coinone has launched Cross, an app providing cross-border remittances using Ripple's xCurrent product.

Business  ·  11 December 2018
Banking

Malaysian Banking Group CIMB Taps Ripple for Blockchain Remittances

Malaysian banking group CIMB has joined Ripple’s blockchain-based payments network, RippleNet, seeking faster cross-border payments.

Business  ·  15 November 2018
Australia

New Stablecoin Tied to Australian Dollar Is Launching on Stellar’s Blockchain

A new stablecoin launching on the Stellar network is pegged to the Australian dollar and is being pitched for consumer and business use.

Business  ·  23 October 2018
Europe

TransferGo Opens Payments Corridor to India Using Ripple Tech

Payment provider TransferGo has announced it is launching a remittance corridor to India that uses Ripple technology for near real-time transactions.

Tech  ·  5 September 2018
Banking

IBM Debuts Stellar-Powered ‘Blockchain World Wire’ Payments System

IBM is taking its long-in-the-works blockchain-based payment system out of beta, with the launch of a product called Blockchain World Wire.

Business  ·  4 September 2018
Patents

Alibaba Seeks to Eliminate Middlemen in Blockchain Payments Patent

A new patent filing reveals Chinese e-commerce giant has been exploring the use of blockchain technology to speed up international payments.

Business  ·  29 June 2018