Marshall Long, an OG bitcoiner, recounted how he had to resort to stablecoins to send a remittance to a worker’s family in Iran. Long noted that stablecoins, rather than bitcoin, are more useful during times of strenuous conflict due to the availability of fiat ramps. Stablecoins, Not Bitcoin, Completed This Tricky Remittance A story posted […]
Bitcoin Beaten: Stablecoins Shine as Wartime Remittance Tools Read More »
Numbers from the Central Bank of El Salvador indicate that crypto remittances sent to El Salvador fell by 45% compared to the first four months of 2024. Crypto flows sent from abroad accounted for less than 1% of all funds sent by foreigners to family and friends. Crypto Remittances Keep Failing to Reach Widespread Adoption
Crypto Remittances Fell Nearly 45% in El Salvador Read More »
Banco Industrial, the largest bank in Guatemala, has announced the integration of Sukupay, a crypto-based cross-border payment provider, to power its remittance services. Using Sukupay, Banco Industrial now offers its customers remittances at a flat fee of $0.99, allowing them to receive these funds in their bank accounts. Michel Caputi, Head of the Strategic Alliances
Largest Bank in Guatemala Turns to Crypto for Remittances Read More »
If Trump’s bill is passed as it stands, it would introduce a 5% tax on remittances affecting over 40 million people. Analysts warn that this could spur the use of alternative options, such as crypto, to ensure these funds reach their destination while avoiding the proposed tax. ‘Big, Beautiful Bill’ Remittance Tax May Spur Crypto
Trump’s ‘Big, Beautiful Bill’ Could Push Millions to Crypto Read More »
