Core Insights - The leading digital asset is transitioning from financial speculation to practical applications, with SoFi Technologies demonstrating significant growth in 2025, including a 38% year-over-year increase in adjusted net revenue and the addition of 1 million new customers in the last quarter, totaling 13.7 million customers [1][2] Group 1: Company Performance - SoFi's success is attributed to its focus on innovation and product development, showcasing a clear use case for cryptocurrency [2] - The company has entered the remittance market through a partnership with Lightspark, aiming to provide fast and cost-effective cross-border payments [4] - SoFi Pay now allows U.S. users to send money to over 30 countries using the Bitcoin Lightning network, enhancing user experience by converting dollars to Bitcoin for transactions [5] Group 2: Market Opportunity - The remittance market is substantial, with approximately $38 billion sent between the U.S. and India in 2024, highlighting the potential for SoFi to disrupt high fees and long processing times [6] - The management's commentary on the new service's usage will be crucial for ongoing customer growth, particularly for those seeking better value [6] - The evolution of Bitcoin from a financial asset to a payment mechanism could increase demand and transaction volume, potentially driving up its price in the long run [9]

Why remittances cost more than expectedA look at intermediaries, processing times, and potential blockchain alternatives.Read more 👇https://t.co/M4Vxol2oIG ...

RT White Papers Policy Institute (@WhitePapersPol)~ 20% of the Pakistani diaspora live in Britain.About 1.9 million of the 9.9 million strong diaspora.£366 million PER MONTH in remittances flows to Pakistan from Britain, £4.4 billion annually.33% of Pakistanis in the UK have never worked.Britain needs remigration. https://t.co/wYFc7oXVrH ...

📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium --- Celo is quietly powering real-world payments at global scale. In this episode, David and Ryan sit down with Marek Olszewski, CEO of cLabs, to unpack how Celo became a fast, low-cost payments layer used for remittances, savings, onchain FX, and identity across emerging markets. They explore why Celo stayed focused on peer-to-peer payments while others chased trends, how Opera’s MiniPay onboarded hundreds of thousands of d ...

Zimbabweans living abroad sent $2.45 billion back to the country last year, a 14% increase over 2024 https://t.co/YdZ8VPGfZY ...

Core Use Cases - $U is designed to support a diverse set of core use cases, indicating a broad market strategy [1] - Trading, lending, staking, and yield strategies are among the key functionalities offered by $U [1] - $U aims to facilitate institutional OTC settlement and treasury operations, targeting institutional clients [1] - Cross-border payments and remittances are identified as important applications for $U [1] - $U intends to support supply-chain and B2B settlement workflows, suggesting enterprise-level solutions [1] - AI-driven autonomous payment systems are planned, highlighting a focus on innovation and automation [1]

Immigration & Demographics - The U S adopted a new policy welcoming political refugees in 1980, over two centuries after the founding of the American nation [1] - By 2011, nearly 100,000 Somalis had been welcomed into the United States as refugees [1] Economic Impact & Remittances - Somalis built mosques, Islamic centers, halal shops, and grocery stores, sending remittances back to Somalia [2][3] - Remittances from abroad, especially from the United States, account for between 30% and 50% of the Somalian economy [4] - A major source of remittances to Somalia has been the American taxpayer [3] Allegations of Fraud & Misuse of Funds - Somalis perpetrated one of the most expansive cases of welfare fraud in American history [4] - Much of that money went straight back to Somalia, with at least some of it ending up in the hands of the Islamic terrorist group al-Shabaab [4] Overall Assessment - Somalis have not contributed anything to America, but have managed to take, steal and transfer enough wealth from America that America built Somalia [5]

Welcome @OwlTing to Circle Payments Network (CPN)!OwlTing has officially joined CPN, enabling near-instant settlement with payment stablecoins like USDC across high-growth markets.This unlocks faster, more affordable cross-border flows for:→ B2B payments→ Remittances→ PayrollWith a deep regulatory footprint across the US, EU, and Asia, OwlTing now connects its users to compliant, real-time global settlement through a single CPN integration.This is what modern cross-border payments should feel like. ...

Core Insights - Stablecoins are expected to transform remittances through integration rather than disruption, enhancing the global payments infrastructure instead of replacing it [1] - The current remittance system is characterized by high fees, unpredictable delivery times, and inefficiencies, particularly affecting smaller transactions and cash remittances [2][3][4] Group 1: Current Challenges in Remittances - Migrant workers face high fees for sending money home, which may increase with proposed remittance taxes [2] - Delivery times for remittances are often unpredictable, constrained by traditional banking hours, leading to delays in urgent transactions [2] - Cash remains the most trusted method for remittances due to its immediacy and universal understanding, but it is limited by geography and infrastructure [3] Group 2: Infrastructure Limitations - The infrastructure for cross-border money transfers has seen little change over decades, still relying on outdated systems with cut-off times and batch settlements [4] - Current remittance systems do not meet the fast-paced expectations set by modern communication and commerce, causing delays for families relying on timely transfers [4] Group 3: Potential of Stablecoins - Stablecoins present an opportunity to address structural issues in remittances by providing speed, programmability, and lower costs, especially for smaller transactions [5][6] - Transactions using stablecoins can settle in seconds at any time, bypassing traditional banking limitations, and can be integrated into existing trusted systems [6] - The effectiveness of stablecoins is contingent upon their integration into established payout networks and banking systems that have built trust over time [6]

This is pretty crazy to see in a classified CIA memo from 43 years ago https://t.co/1l9KATWh1uMike Benz (@MikeBenzCyber):Here's a confidential CIA memo from 1983 on illegal immigration from Mexico. It says illegal immigrants send 1/3 of their earnings back home to Mexico in remittances, the Mexican economy is totally dependent on those remits, and that Mexico thinks we can't politically stop it. https://t.co/bEa2RtkRgW ...