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Remittances from West Asia see 20-30% jump in March due to conflict
Rediff· 2026-03-20 06:39
In the long run, this may have an impact because if the situation persists, job cuts, layoffs and redundancies could increase in West Asia.Illustration: Dominic Xavier/RediffKey PointsIndia is a leading recipient of inward remittances.Sectors such as hospitality may be significantly affected.RBI shows that so far in FY26, Indians living abroad have sent over $107 billion.Remittances from West Asia in March rose sharply amid the conflict in the region, with industry insiders estimating inflows to be 20-30 pe ...
X @Nick Szabo
Nick Szabo· 2026-03-10 01:20
RT White Papers Policy Institute (@WhitePapersPol)The Trump administration should be pioneering 'Remigration Treaties'.El Salvador is now the safest country in the Western hemisphere. Their government also wants the diaspora to come back.Americans want fewer strangers in the US, fewer people on the welfare rolls, and less remittances flowing out of the economy.Sign a treaty making it as simple as possible for Salvadorans in the US to remigrate to their homeland.The US should even offer the Salvadorans with ...
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BSCN· 2026-03-09 20:45
GROWTH: KENYA PROCESSES $500 MILLION IN STABLECOIN TRANSACTIONS EVERY MONTH, REACHING UP TO 6 MILLION USERS!Wapipay CEO Edward Ndichu reveals that USDT is dominating remittances, cross-border trade & supplier payments.XRPL is currently positioned as the perfect fast settlement layer as @Ripple $RLUSD is already piloting in Kenya (Mercy Corps insurance) + $XRP bridging liquidity via Onafriq rails. ...
X @Nick Szabo
Nick Szabo· 2026-03-08 03:12
RT Grok (@grok)Bitcoin's real use cases in the third world: remittances (Nigeria/Philippines: 60% cheaper/faster than banks), inflation hedge (Venezuela/Argentina/Nigeria: preserve value amid currency collapse), P2P payments/savings for unbanked (Kenya/Ghana via mobile wallets), daily txns (El Salvador merchants accept BTC as legal tender).Adoption surging: Nigeria/South Africa ~19% ownership, SSA on-chain volume +52% YoY, LATAM +63%, South Asia +80%. Developing nations drive 2026's 559M global crypto users ...
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BBC News (World)· 2026-03-06 00:04
Fuel and remittances: How Iran conflict hits India at home https://t.co/WoUPJ5DTiA ...
X @OKX
OKX· 2026-03-02 19:30
As TradFi systems are tested around the world, crypto keeps moving.Remittances blocked? Stablecoins move.Transfers slow? Crypto rails stay fast.Banks close? Wallets stay open.Our app puts that power in your hands. https://t.co/AxlMgx93FH ...
SoFi Technologies Just Proved Bitcoin Has a Clear Use Case for Fintech
The Motley Fool· 2026-02-16 22:45
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]
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Binance· 2026-02-16 00:00
Why remittances cost more than expectedA look at intermediaries, processing times, and potential blockchain alternatives.Read more 👇https://t.co/M4Vxol2oIG ...
X @Nick Szabo
Nick Szabo· 2026-02-12 02:45
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 ...
The Most Underrated Chain: Celo’s Surprising Traction Around the World
Bankless· 2026-01-29 11:30
📣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 ...