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Remittance

Kotani Pay secures $2M to expand cross-border crypto payments

Inside Kotani Pay’s plan to bridge Africa’s financial divide through cryptocurrency

To address the digital divide in Kenya, Kotani Pay employs familiar interfaces like USSD, making interactions with blockchain wallets as straightforward as everyday tasks.

Visa’s crypto head: Blockchain reduces barriers to developing financial products in Africa

Visa’s crypto head: Blockchain reduces barriers to developing financial products in Africa

Sheffield also believes that blockchain abstraction in mainstream products will lead to more adoption.

Blockchain will transform cross-border remittances in three years: Ripple survey

Blockchain will transform cross-border remittances in three years: Ripple survey

Most African and Middle Eastern respondents to the survey also believed that most merchants in their regions will accept payments in crypto.

Honeycoin taps MoneyGram to expand crypto-to-fiat capabilities

Honeycoin taps MoneyGram to expand crypto-to-fiat capabilities

The partnership is aimed at facilitating cross-border transactions using both cryptocurrency and fiat currencies in multiple countries.

Bitcoin-powered remittances from Europe to African bank accounts are now possible

Bitcoin-powered remittances from Europe to African bank accounts are now possible

African cryptocurrency company Bitnob has partnered with European exchange CoinCorner to facilitate remittances over the Lightning Network.

Strike partners with Bitnob to facilitate Bitcoin-powered remittances to Africa

Strike partners with Bitnob to facilitate Bitcoin-powered remittances to Africa

Africans can now receive low-cost and fast payments in their local currencies, powered by the Lightning Network. But there are questions on whether the process introduces credit, a feature of the traditional remittance system.