A research by Matt Alhborg, a data-scientist and researcher at dlab.vc during a black-out in Venezuela reveals how Venezuela dominates the crypto scene is South America. It also suggests that Bitcoin is primarily used as a ‘bridge currency’ between US Dollar and the local currencies. The electricity black-out occurred on 7th March with which economic activity
Timothy Cook Draper, popularly known as Tim Draper, is an American venture capital investor and early Bitcoin investor. He has for long supported cryptocurrencies and reiterated the same in a recent interview. He believes cryptocurrency is good for humanity. He said that it would even drive the Governments to “think like businesses” in providing better
Facebook’s cryptocurrency project is gathering steam as the Social Media Giant is expected to make formal announcements on the project by the end of this month. The reports that have come to light recently reflect that Facebook has planned a global project that will aid payments (especially remittances) and even set up ATM units. Validator
Dash is a privacy-focused cryptocurrency, aimed towards providing low-cost remittances around the world. The Dash Core team under CEO Ryan Taylor, responsible for the development and adoption of Dash has made a lot of progress in Venezuela. They have made it their primary focus as they continue to offer other low-cost solutions to improve the
Distributed ledger technologies currently possess all the necessary features that can ease the pains of cross border remittance industry which have made it a topic of discussion for institutions across the globe whether are these the future. A recent blog post released by World Bank also discussed the same naming how Ripple Circle and JP
Ripple’s partnerships more often than not make the news mostly because it affects the price of the XRP cryptocurrency. However, the most recent collaboration with San Fransisco based Tipping Point speaks more than just economics. Tipping Point is a non-profit organization found in 2005 that aims to eradicate poverty in the San Fransisco Bay Area.
While Ripple and its token XRP are changing the way cross border remittance industry works, it is also backing young start-up which shares the same vision of disrupting the payments industry. According to the latest announcement, Ripple has joined hands with Barclays and Mastercard to infuse $1.7 million funding for remittance start-up SendFriend. SendFriend envisions
Ripple’s push to become a global value transfer solution has recorded a significant boost with news that the Saudi British Bank (SABB) has joined the Ripplenet under an ongoing Saudi central bank pilot program. The program which began in 2018 aims to examine the feasibility of blockchain technology as a reliable solution for cross-border payments