Cross-border remittance currently stands as one of crypto’s best use cases into mainstream finance. Running parallel to this trend, a new partnership between Velo Labs and two financial institutions has now resulted in a $17 billion remittance corridor between Europe and Thailand. Using Velo Labs’ blockchain-based financial protocol, local financial institutions Tempo Payments … [Read more...] about Stellar blockchain remittance corridor to power Thailand-Europe payments
Remittance
India’s ICICI Bank warns remittance users to steer away from Bitcoin
India’s stance on crypto adoption has been a gray area ever since the birth of Bitcoin (BTC). In what seems like another blow for the Indian crypto community, one of the biggest financial services, ICICI Bank, has warned users not to use their remittance services for transferring any form of crypto or digital currency.In ICICI’s latest iteration of the Retail Outward Remittance … [Read more...] about India’s ICICI Bank warns remittance users to steer away from Bitcoin
Remittance firms hesitant to support BTC despite legal tender law in El Salvador
Despite El Salvador’s recently passed law mandating Bitcoin as legal tender, local remittance firms are reportedly hesitant to adopt Bitcoin (BTC).Speaking to Reuters, Autonomous Research fintech analyst Kenneth Suchoski argued that remittance firms are unlikely to launch support for Bitcoin and other crypto assets until prompted to do so by customer demand, likely creating a … [Read more...] about Remittance firms hesitant to support BTC despite legal tender law in El Salvador