Ripple Tech to Power New Malaysia-Bangladesh Remittance Corridor

Ripple has inked a deal with a Malaysian money transfer business and Bangladesh’s largest mobile financial services provider to enable a remittance corridor between the two countries. According to an announcement Tuesday, Malaysia’s Mobile Money and Bangladesh’s bKash will leverage Ripple’s global payments network, RippleNet, for wallet-to-wallet transactions. “This partnership will … contribute further to […]

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Crypto Remittances Prove Their Worth in Latin America

Western Union recently announced it would be suspending U.S. dollar transfers to Cuba, due to sanctions from the United States. This may only increase the attractiveness of sending remittances with cryptocurrencies, which are much more resistant to geopolitical tensions. According to the World Bank, Latin America’s formal remittance market is around $96 billion. But traditional […]

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US Treasury Wants Regulators to Watch for ‘Potential Risks’ in Digital Asset Innovation

The U.S. Department of the Treasury wants state and federal regulators to keep a vigilant watch on digital asset innovation. According to a report released on Thursday by the Financial Stability Oversight Council, digital assets are a “particularly good example” of both benefits and potential risks associated with innovation. The report highlighted the ambitions by […]

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