News list for " remittance"
Huma Finance extends to the Solana blockchain to provide instant liquidity support for scenarios such as cross-border remittances, digital asset credit cards, and global t + 0 payments. The protocol is already running on Ethereum Layer 2 networks such as Polygon, Celo, and Scroll.
Salvadorans still prefer to use the US dollar as the basis for sending and receiving remittances, according to the latest Statistical Report on Household Remittances from the Central Reserve Bank of El Salvador. The report found that only 1.1% of all remittances sent to El Salvador included cryptocurrency, indicating that most were using other means. The report confirms that the amount of cryptocurrency remittances has been declining since Salvadorans received the digital currency 84.80 million ...
Tether announced a $3 million strategic investment in Kem, a remittance and financial management platform, which will enable Kem App to launch USDT on its platform to drive its widespread adoption in the Middle East, primarily to improve economic conditions in neighboring countries such as Kuwait, Bahrain, Saudi Arabia, Qatar and Iraq.
In the past decade, Venezuela has become one of the countries in South America that relies heavily on remittances. A study by the Inter-American Dialogue shows that about 30 percent of Venezuelan households have started to receive remittances after the country faced a sharply rising migration crisis. According to blockchain analytics firm Chainalysis, the amount of money transferred through cryptocurrency last year may have reached 9 percent of all remittances, a record high. According to the Ve...
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