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Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender

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Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender
bitcoin legal tender
Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal TenderBitcoin remittances to El Salvador jumped more than fourfold in May from the previous year, according to data from blockchain analytics firm Chainalysis. Last week, El Salvador passed a bill making bitcoin legal tender in the country alongside the U.S. dollar. The monthly bitcoin transfers of under $1,000 to El Salvador totaled $1.7 million in […]
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Improving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth

Improving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth

Official Remittance Inflows to Zimbabwe Surged to $1 Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels

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Official Remittance Inflows to Zimbabwe Surged to Billion After Covid-19 Restrictions Forced Migrants to Use Formal Channels
bitcoin remittances
Official Remittance Inflows to Zimbabwe Surged to Billion After Covid-19 Restrictions Forced Migrants to Use Formal ChannelsCross border remittances into Zimbabwe surged to $1 billion in 2020, more than a 36% increase from the $636m that was recorded in 2019. This surge in remittances occurred despite the “steep decline in economic activity in host countries, which in turn made it difficult for migrants in the diaspora to send money home.” Effects […]
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Improving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth

Improving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth

Some African Crypto Users See Bitcoin as an Alternative Source of Retirement Income

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Some African Crypto Users See Bitcoin as an Alternative Source of Retirement Income
africa crypto
Some African Crypto Users See Bitcoin as an Alternative Source of Retirement IncomeBitcoin use cases in African countries continue to expand with the latest one being its use as an alternative source of retirement income. On a continent plagued by high inflation and unstable currencies, bitcoin, which is decentralized and censorship-resistant, is seen “as a safer source to contribute to for retirement.” According to a local report, […]
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Improving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth

Improving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth

African Migrants Are Turning to Cryptocurrency Platforms for ‘Low-Fee Remittances’

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African Migrants Are Turning to Cryptocurrency Platforms for ‘Low-Fee Remittances’
bitcoin cash
African Migrants Are Turning to Cryptocurrency Platforms for ‘Low-Fee Remittances’As central banks on the African continent fight to keep cryptocurrencies from going mainstream, many more migrant workers are increasingly turning to money-sending platforms that use cryptocurrencies when moving funds across borders. More Than Just an Investment Thus in addition to becoming a “hot investment for hedge funders and corporate moguls,” crypto-assets like bitcoin are […]
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Improving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth

Improving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth

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