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Remittances

Pakistani Bank Teams With Alipay for Blockchain Remittances

Pakistani Bank Teams With Alipay for Blockchain Remittances Pakistan-based Telenor Microfinance Bank, a subsidiary of Norwegian telecoms multinational Telenor Group, has launched cross-border payments using blockchain technology from payments firm Alipay. Claiming it as Pakistan’s first blockchain-based international remittance service, the bank announced Tuesday that the product is a joint effort …

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Where the Future of Crypto Payments Is Being Built

Where the Future of Crypto Payments Is Being Built Leah Callon-Butler is the co-founder of Intimate.io, a token project aiming to bring payments, privacy and reputation to the adult industry. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  “The stars have aligned,” he said, the room hanging …

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National Bank of Kuwait Taps Ripple for New Remittance Service

National Bank of Kuwait Taps Ripple for New Remittance Service National Bank of Kuwait (NBK) has joined Ripple’s blockchain-based payments network seeking faster cross-border money transfers. The bank announced Thursday that it has launched a new remittance service, dubbed NBK Direct Remit, that enables “immediate” blockchain-based payments using Ripple technology. The …

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Facebook to Develop its Own Stablecoin for Remittances: Report

Facebook to Develop its Own Stablecoin for Remittances: Report Social media giant Facebook is reportedly looking to develop its own stablecoin for money transfers. Citing anonymous sources familiar with the plan, a Bloomberg report on Friday said the company will first focus on the Indian market to let users transfer money …

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Coinone Exchange Launches Cross-Border Payments App With Ripple Tech

Coinone Exchange Launches Cross-Border Payments App With Ripple Tech South Korea-based crypto exchange Coinone has officially launched Cross – a remittance app utilizing Ripple’s xCurrent product to facilitate speedy cross-border payments. Ripple announced Monday that Coinone’s payments subsidiary, Coinone Transfer, is now formally releasing the app – which has been under …

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Malaysian Banking Group CIMB Taps Ripple for Blockchain Remittances

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. A strategic partnership between the firms addresses the need for “speedy and cost-efficient international payments” across the ASEAN (Association of Southeast Asian Nations) region, Ripple said Wednesday. Specifically, …

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

New Stablecoin Tied to Australian Dollar Is Launching on Stellar’s Blockchain A new stablecoin is launching on the Stellar blockchain that’s designed to hold its value with the Australian dollar (AUD) and is being pitched for consumer and business uses. Announced Tuesday at the Money 20/20 conference in Las Vegas, Novatti …

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India’s Federal Bank Is Building a Remittance App on R3’s Corda

India’s Federal Bank Is Building a Remittance App on R3’s Corda An Indian commercial bank has revealed it is building a cross-border remittance app based on the Corda blockchain platform developed by consortium startup R3. Being built as a so-called CorDapp on the platform, Kochi-based Federal Bank has turned to blockchain …

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