Its app is available on the Google Play Store, with more than 5,000 downloads, as of this writing.
Discover how digital currencies may transform cross-border payments, making them faster and more efficient, thanks to this study by the Digital Dollar Project, Western Union, Accenture, and Philippine bank BDO.
PDAX CEO Nichel Gaba reveals why remittance companies prefer XRP and stablecoins for sending money to the Philippines. Learn about the role of crypto in cross-border money transfers.
Cebuana Lhuillier partners with Stellar Network to enhance its financial services, offering faster and more affordable cross-border remittance payments for OFWs.
Ripple and Novatti’s effort first targets the Australia-Philippines corridor through a partnership with iRemit, a Filipino remittance service provider which also holds e-money and virtual currency exchanges licenses.
UnionBank of the Philippines launched the stablecoin called PHX to facilitate a blockchain-based cross-border remittance transaction.
The test was done on June 27 by remitting money from OCBC bank in Singapore to Cantillan Bank in Surigao.
Bitspark said they see this as a way forward to introduce stablecoins without the need for understanding blockchains directly.
Vienna-based fintech startup Transpaygo announced its addition as one of Ripple’s partners for xRapid, its cross-border money transfer system powered by XRP.
The two companies also agreed to partner when it comes to marketing and market exploration.