Fees are one of the major issues that always arises in the remittance market, which seems like something small to be targeting. However, based on 2016 statistics from the World Bank alone, $575 billion was sent by migrant workers in remittance. Of that amount, $429 billion was transacted in developing countries, paying 7% in remittance fees. Overall, that means that migrant workers and others paid a total of $40 billion. However, there are some areas with even higher fees at 15.76%, but that’s where SendFriend comes in. SendFriend is a project by David Lighton, who formerly worked with World Bank. The program is a remittance service that provides a discounted fee on these remittance transfers with as much as a 65% less cost to the user. In an announcement on Monday, SendFriend revealed that they had received funding contributions from MIT Media Lab, MasterCard Foundation, Barclays, and Ripple, adding up to $1.7 million in capital. Presently, SendFriend is targeting services in the
In a bid to promote cryptocurrency adoption and utility, digital currency payment solution platform UTRUST partnered with Portuguese Primeira Liga Football Champions S.L Benfica, in order to allow the use of cryptocurrency for the purchase of ticket and merchandise sold directly from the Benfica website.
Polish bank Alior adds a feature to check the authenticity and integrity of official documents on the Ethereum blockchain. Forbes writes about it. “Our
⚡Ripple has announced a cooperation with the global MoneyGram service, seeing its XRP rise 5 percent and giving Bitcoin hope to hit the $10,000 mark soon🤞
While many doomsayers predict the demise of Bitcoin, the real war will happen between private currencies and state-issued currencies⚔
Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies, today announced a diverse line-up of eight new
Bitcoin price posted and impressive surge over the weekend over $9K and has left a $570 gap on the CME BTC futures chart.
BCH supporters got news that the website that focuses on the U.S. courts and litigation system, Courtlistener.com, is now accepting BCH for donations.
The Dow and broader U.S. stock market opened sharply higher after European Central Bank (ECB) officials signaled a new round of stimulus.
Forex is one of the largest and most liquid markets at the moment, drawing new investors on a daily basis thanks to the profit potential involved. If you have entered the Forex market a while back, and have already made a few successful trades, you know by now why it continues to drive interest. When …
By CCN Markets: Renwick Haddow, the operator of the fake crypto trading platform Bitcoin Store and the fraudulent shared office space Bar Works, admitted to the charges against him with one of his fellow collaborators found guilty by US court. According to the US Department of Justice (DOJ), the British man and his accomplices caused victims a total of $50 million of damages. Renwick Haddow aka. “Jonathan Black” Before Haddow had started his fraudulent schemes in the US, the UK’s Financial Conduct Authority (FCA) had disqualified the British man from managing a company in the European country in 2008 for
The post British Bitcoin Scammer Pleads Guilty for Defrauding US Victims of $50 Million appeared first on CCN Markets
2gether, a European payment app allowing users to spend crypto via a Visa debit card, is adding dash to its list of nine supported coins.
If bitcoin doesn’t need to worry about competition from Facebook. Who does? You’ve guessed it, the banks.