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X @Bloomberg
Bloomberg· 2025-10-01 02:39
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 ...
X @aixbt
aixbt· 2025-09-29 11:01
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]
X @Binance
Binance· 2025-09-29 00:00
Blockchain for RemittancesFaster, cheaper, and more transparent ways to send money globally.Read more 👇https://t.co/XvchO0T6vo ...
Trump’s H-1B visa fee hike poses risk to India’s remittances, rupee
BusinessLine· 2025-09-22 11:44
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].
The Massive Market of Global Money Movement
Digital Asset News· 2025-09-06 07:38
Market Size - The global remittances, payments, and money movement market is estimated to be a $18 quadrillion market [1]
X @Avalanche🔺
Avalanche🔺· 2025-09-04 17:00
On Avalanche, stablecoins move instantly, scale globally, and unlock new opportunities for people + businesses.From remittances to savings to global trade, access is becoming the new norm.See how the future is being built on Avalanche 🔺https://t.co/8lSr5g7WmB ...
X @MetaMask.eth 🦊
MetaMask.eth 🦊· 2025-08-29 18:00
Market Adoption & Trends - Stablecoins are not a future concept, but are currently experiencing real adoption, particularly in regions like Mexico [1] - The combination of builders, remittances, and stablecoins is driving adoption in Mexico and elsewhere [1] - Mexico is a crucial first step for companies serious about LATAM (Latin America) [2] Key Metrics in Mexico - Mexico receives $64.7 billion in remittances [2] - There are over 773 fintech companies building infrastructure in Mexico [2] - More than 600 developers are actively involved in projects in Mexico [2]
X @Bloomberg
Bloomberg· 2025-08-27 18:58
Market Trends - Remittances to Mexico have fallen to a three-year low [1] - This trend may put downward pressure on the peso in the short term [1]
X @Cointelegraph
Cointelegraph· 2025-08-20 06:00
Partnerships & Technology - SoFi Technologies partners with Lightspark to integrate Bitcoin Lightning and Universal Money Address [1] - SoFi becomes the first US bank to leverage Lightning Network for remittances [1] Industry Impact - The partnership signifies a move towards integrating cryptocurrency solutions within traditional banking [1]
X @Cointelegraph
Cointelegraph· 2025-08-19 22:59
P2P Payments & Remittances - Stablecoins are transforming peer-to-peer payments and remittances [1] - Stablecoins are significantly reducing fees for a $200 transfer [1] - Banks charge 12.66% for a $200 transfer, MTOs charge 5.35%, and mobile carriers charge 3.87%, while stablecoins fees are near zero [1]