Binance Philippines Chief on How Blockchain Can Make OFW Remittances Faster and Cheaper
Binance Philippines’ Kenneth Stern counts the ways in which blockchain can help OFWs send their money faster and cheaper back to the country.
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OFW Remittance Growth Slows in February
Personal remittances stood at $2.793 billion, a 1.2% higher from $2.759 billion last year, but still lower than January’s $2.966 billion.
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Philippines Maritime Industry Authority to Use Blockchain for Seafarer Certification
Blockchain is seen as that trustless technology that can verify certificates and clearances without the usual long process of checks and balances.
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Research Forecasts that Blockchain will Lessen the Cost of Remittances by 2022
Ken Research projected that from 2018-2022, the Ethereum blockchain will become a primary means to lessen the cost of remittances.
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How OFWs and Migrant Workers will Benefit from Blockchain
The usual remittance transaction takes a lot of time and money. This is where blockchain and cryptocurrencies can come in.
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This SG-based Token Project Plans to Speed Up Remittance Transactions to PH
IEC plans facilitate fast remittances to the country by OFWs from Europe and the Middle East before expanding to other countries.
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Research: Filipino Millennials and OFWs Embrace Cryptocurrencies
A recent study reveals that more and more Filipinos, mostly millennials and OFWs, are considering cryptocurrencies for remittances and savings.
