cross border remittances

‘Bitcoin Is Worth Zero’ — Kenyan Communication Strategist Warns African Investors to Be Wary

November 2, 2021 Bitcoin.com

bitcoin store of value

A Kenyan communications strategist, Mwotia Ciugu, has told African investors to be wary of investing in bitcoin which he claims is worth zero. Bitcoin Structurally Incapable of Delivering on Its Promise In an op-ed published by The Elephant, Ciugu insists bitcoin (BTC) is structurally incapable of delivering on its promise of becoming an alternative store […]

Read more

Pump.fun halts livestreams indefinitely after community backlash

IMF Partly Blames Uncertainty in Nigeria’s Forex Market for Drop in Remittances

October 26, 2021 Bitcoin.com

Abebe Selassie

The uncertainty that prevails in Nigeria’s foreign exchange market is partly to blame for the plunge in cross-border remittances into the country, an official with the International Monetary Fund (IMF) has said. Covid-19 Another Contributing Factor According to a report by local news outlet Punch, the official, Abebe Selassie, said this in response to a […]

Read more

Pump.fun halts livestreams indefinitely after community backlash

Chipper Cash Extends Peer-to-Peer Money Transfer Service to South Africa

September 27, 2021 Bitcoin.com

Bitcoin

Chipper Cash, an African fintech start-up, has extended its peer-to-peer instant money service to South Africa. In addition to being able to use the remittance service, South African users will be able to buy, sell, and transfer cryptocurrencies like bitcoin, ethereum, and the USDC stablecoin. South Africa Ripe for Disruption and Innovation According to a […]

Read more

Pump.fun halts livestreams indefinitely after community backlash

Nigeria’s CBDC ‘a Safer Option’ Than Privately Issued Cryptocurrencies: Central Bank Official

September 14, 2021 Bitcoin.com

Bitcoin

As part of the Central Bank of Nigeria (CBN)’s digital currency charm offensive, Folashodun Shonubi, the institution’s deputy governor, has claimed that the country’s upcoming central bank digital currency (CBDC) will be a “safer option from privately issued cryptocurrency.” Payment System Stability In addition, the CBN’s digital currency — also known as the e-naira — […]

Read more

Pump.fun halts livestreams indefinitely after community backlash

Zimbabwean Minister Says Cryptocurrency Based Solutions ‘Could Lower Charges for Diaspora Remittances’

September 12, 2021 Bitcoin.com

Bitcoin

The Zimbabwean minister of finance, Mthuli Ncube, has once again talked up the potential advantages of using cryptocurrencies. In new comments made shortly after visiting the DMCC Crypto Centre in Dubai, Ncube raises the possibility that the country might use cryptocurrency-based solutions to lower the cost of remitting funds across borders. Understanding Cryptocurrencies Prior to […]

Read more

Pump.fun halts livestreams indefinitely after community backlash

Annual US Dollar Remittances to Nigeria Surge to $34 Billion but Forex Woes Persist

August 31, 2021 Bitcoin.com

Biodun Adedipe

According to a report, the value of annual dollar remittances by Nigerians working abroad has surged to $34 billion, a figure that easily surpasses the previous record-high of $25 billion. Still, a large portion of the funds doesn’t seem to be entering domestic forex markets. Target Attained Two Years Ahead of Schedule The increase, which […]

Read more

Pump.fun halts livestreams indefinitely after community backlash

Ripple Partner Mercury FX Accepted Into ‘First Cohort’ of a South African Regulatory Sandbox

April 4, 2021 Bitcoin.com

bitcoin.com

South Africa’s Inter-governmental Fintech Working Group (IFWG) recently accepted Mercury FX, a UK-based e-money firm, into the first cohort of its regulatory sandbox. The firm, which harnesses the Ripplenet blockchain, says it wants to demonstrate its technology’s ability “to shorten the money transfer window to only minutes.” Fast and Low Remittances Further, Mercury FX, which […]

Read more

Pump.fun halts livestreams indefinitely after community backlash