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Latest articles tagged:

Remittance

1702, 2017

Bitspark vs. Hong Kong

|17 Feb 2017|News|

Hong Kong’s bustling population of 7 million only has about 350,000 migrant workers, but on Sundays, it feels like every single one of them has managed to cram into the same 12 square kilometers of the Central district. Their mission is always the same, send money back home to the Philippines or Indonesia in the most affordable and secure way possible.

702, 2017

Deconstructing the invisible Bitcoin remittance solution

|7 Feb 2017|News|

When Bitcoin was created in 2009, its most obvious use was for sending money across the planet, as easily as sending an email. The potential benefits for the 230 million migrants all over the world that send US$430 billion in remittances back home each year could be enormous. But beyond all the rhetoric, the practical implementation has yet to be sorted out.

1309, 2016

Bitcoin remittances ‘20 percent’ of South Korea-Philippines corridor

|13 Sep 2016|News|

Bitcoin adoption within the international remittance market is starting to show its first real signs of life. According to the founder and CTO of BloomSolutions, Luis Buenaventura, bitcoin powered remittances now account for 20% of the Asian remittance corridor between South Korea and the Philippines. “$35-40M a year is bitcoin, probably more than that,” he told BNC during an interview. According to the world bank, US$215 million passed through the corridor last year.

108, 2016

Bitwage continues expansion into South America

|1 Aug 2016|News|

The Bitwage Invoicing service is built on a simple idea, use bitcoin instead of legacy international payments. Using the service, Brazilian contractors and freelancers can now get paid in a range of foreign currencies, and receive Brazilian real into their local bank account.

2804, 2016

Western Union won’t make the same mistake with Blockchain

|28 Apr 2016|News|

Digital Currency Group is an investment firm founded in March 2015, by prolific Angel Investor Barry Silbert. The company has invested in 72 different companies, more than two-thirds of which operate in the bitcoin space. In the last four months alone, the company acquired the biggest bitcoin news site, CoinDesk, and along with it, the biggest bitcoin conference. The company already had investments in Bitpay, the industries leading payment service provider, as well as coinbase and Kraken, two of the largest platforms for trading bitcoin.

2704, 2016

Global remittances slow, while regulation restricts access

|27 Apr 2016|News|

In the latest edition of the World Bank’s Migration and Development Brief, released earlier this month, remittance only grew marginally last year. Remittances to developing countries amounted to $431.6 billion in 2015, an increase of 0.4 percent over 2014. Although still growth, the pace is the slowest since the global financial crisis. Global remittances, which include those to high-income countries, contracted by 1.7 percent in 2015, to $581.6 billion.

1002, 2016

How Can Cryptocurrency and Blockchain Technology Play a Role in Building Social and Solidarity Finance?

|10 Feb 2016|Resources|

The decentralized digital currency Bitcoin—and its underlying “blockchain” technology—has created much excitement in the technology community, but its potential for building truly empowering social and solidarity-based finance has yet to be tested. This paper provides a primer on the basics of Bitcoin and discusses the existent narratives about the technology’s potential to facilitate remittances, financial inclusion, cooperative structures and even micro-insurance systems. It also flags up potential points of concern and conflict; such as the tech-from-above “solutionism” and conservative libertarian political dynamics of some of the technology start-up community that surrounds Bitcoin. As a way of contrast the paper considers “blockchain 2.0” technologies with more overtly communitarian ideals and their potential for creating “cooperation at scale”. It concludes with suggestions for future research.

406, 2015

Bitspark Glides Through Innotribe’s Semi-Finals

|4 Jun 2015|News|

Innotribe provides early insight on innovations that could disrupt current business models and create new opportunities. Through the Startup Challenge, Innotribe introduces today’s brightest startups, including those utilizing blockchain technology.

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