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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Remittances
What is SWIFT? | Payments, Sanctions, and Role in Global Money Transfer
SWIFT is a key component to any country’s progress in terms of bank transfers, locally and internationally.
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Defying Bearish Projections, Cash Remittances Only Slid by 0.3 Percent
The World Bank previously estimated that that there would be a 13% decline in local remittances because of the pandemic.
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Personal Remittances Reaches $24.6 Billion for First 9 Months of 2019
For the first 9 months, the recorded inflow is $22.2 billion for cash remittances versus US$21.3 billion within the same period last year.
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BSP: Personal Remittances Reach US$22 Billion in the First Eight Months of 2019
The regulator further said that cash remittances coursed through banks have also increased.
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Ripple: PH Must Take Steps to Make Remittances More Efficient
Ripple also said that they are working with a local PH bank but declined to identify it by name.
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