The UK is expected to overtake South Africa as the largest source of remittances for the first time into Zimbabwe this year, according to Finance Minister Mthuli Ncube https://t.co/E7oLCWInid ...

The Philippine peso looks poised to rebound from its record low, with seasonal year-end remittances from millions of Filipinos abroad expected to give the currency a boost https://t.co/UOEX21JDO9 ...

Developing countries—eager for remittances and a solution to domestic unemployment—are enthusiastic about guest-worker schemes https://t.co/x2weY5L3vh ...

South Africa and Nigeria were taken off a global watchdog’s dirty-money list, providing a fillip for increased remittances and foreign investment in two of Africa’s largest economies https://t.co/qj3iT4nafL ...

Market Analysis & Price Prediction - XDC is currently in a demand zone between $0065 and $0075, with expectations to hold above the $0065 support level [2] - The analysis anticipates a potential upward squeeze following an extended downtrend, similar to previous patterns that led to a 490+% increase [3][5] - The immediate focus is on navigating the current sell-off and establishing a floor, looking for higher lows to form before targeting a break above the $0008 midline [6][7] XDC Network Developments & Partnerships - XDC Network is hosting the XDC Innovative Labs in Dubai, covering various crypto-related topics like DeFi, RWA, AI, and payments [10][11][12] - XDC Network is expanding in North America through integrations with exchanges and affiliations with blockchain organizations, supporting payments for the US-Mexico remittance corridor [13][14] - XDC Network is involved in global trade breakthroughs like the CIIT, utilizing a rail system in Mexico for cargo transport [16][17][18] - Circle's USDC and CCTP v2 are live on the XDC Network, supporting DeFi, stablecoin initiatives, payments, and trade finance [18][19] - XDC Foundation has joined the Digital Chamber and the Canadian Blockchain Consortium, participating in stablecoin and asset tokenization working groups [19][21] Stablecoin & DeFi Growth on XDC - The stablecoin market has surpassed $313 billion, indicating significant growth in the digital asset space [26] - Stablecoin market cap on XDC has increased by almost 50% in the last 30 days, reaching approximately $24 million [27] - USDC on XDC has grown by over 77% in the last 7 days, reaching $79 million [28] - DeFi initiatives are growing on XDC, with 19 protocols integrated, and the analysis foresees substantial growth in the DeFi market on XDC [33][34] - The stablecoin market cap on XDC is up 32+% in the last 7 days, with Circle contributing most of the gains [32][33]

RT Maya Averbuch (@mayaaverbuch)In Cedeño, a town on the coast of Honduras, migrants who have left are sending back more money - in case they have to return. Remittances to the nation are up 25%, as people fear Trump's immigration crackdown.Our story with photos by @tayuso: https://t.co/AjUGK2ljK9 ...

User Acquisition - Solana onboarded 2.9 million users in Bolivia through Viva mobile carrier integration [1] - 67% of Bolivia's population is unbanked, but has access to mobile phones [1] Transaction Cost Reduction - Users can send remittances for $0.00025 instead of Western Union's 12% fees [1] Industry Focus - The industry is capturing actual economic activity through mobile carriers, rather than waiting for ETF approvals [1]

Blockchain for RemittancesFaster, cheaper, and more transparent ways to send money globally.Read more 👇https://t.co/XvchO0T6vo ...

Core Viewpoint - The recent increase in H-1B visa fees by the US government is expected to negatively impact India's services sector, reduce remittance inflows, and exert pressure on the Indian rupee [1][4]. Impact on Remittances - Highly skilled Indian migrants contribute significantly to remittances, with the US accounting for nearly 28% of these inflows, approximately $35 billion annually [2]. - A decline in H-1B visa holders from India could lead to a reduction in remittances, with a worst-case scenario estimating a decrease of about $400 million annually if Indian applications for H-1B visas fell to zero [3]. Effects on the IT Services Industry - The visa changes could disrupt India's $280 billion IT services industry, which relies on the H-1B program to deploy engineers to international clients, causing stocks of major outsourcing firms like Tata Consultancy Services and Infosys to drop over 3% [5][6]. - The IT sector is crucial for India's economy, contributing over 7% to GDP and employing nearly six million professionals globally [6]. Broader Economic Implications - The changes in visa policy may increase medium-term growth risks for the South Asian economy and pressure the Indian government to enhance domestic demand [7]. - While the intention behind the visa changes is to protect US jobs, they may inadvertently raise operational costs for American corporations, potentially leading to an expansion of global capability centers in India by companies like Microsoft, Google, and Morgan Stanley [8]. Balance of Payments and Trade Negotiations - The overall impact on India's Balance of Payments is expected to be modest in the near term, but concerns remain regarding trade negotiations and future pressures on offshoring [10].

Market Size - The global remittances, payments, and money movement market is estimated to be a $18 quadrillion market [1]