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remittance

Remittance giant Western Union looks to integrate stablecoins into its digital wallet offerings

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Key Takeaways Western Union is exploring stablecoin integration to enhance its digital wallet services. The company aims to provide faster cross-border transactions and stablecoin-to-fiat conversions. Share this article Western Union sees stablecoins as an opportunity, and the company is actively adapting its infrastructure and partnerships to integrate the technologies into its global payment rails, said … Read more

Remittance tax in ‘one big, beautiful bill’ to have major impact on immigration

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NEWYou can now listen to Fox News articles! The Senate’s version of the “one big, beautiful bill” includes a tiny, 1% tax on international cash transfers — called a remittance tax — which, according to experts, will have a major impact on immigrants working in the U.S. A remittance is a money transfer to another … Read more

Aspora gets $50M from Sequioa to build remittance and banking solutions for Indian diaspora

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India has been one of the top recipients of remittances in the world for more than a decade. Inward remittances jumped from $55.6 billion in 2010-11 to $118.7 billion in 2023-24, according to data from the country’s central bank. The bank projects that figure will reach $160 billion in 2029. This means there is an … Read more

Guatemala’s largest bank adds stablecoin remittance tech in app

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In a regional first, SukuPay’s crypto-native payment infrastructure is now powering cross-border remittances inside Banco Industrial’s mobile app, Zigi — marking a significant shift in how Latin American banks adopt blockchain technology. The integration allows Guatemalan users to receive U.S.-based transfers in under 20 seconds via their existing banking app, for a flat fee of … Read more

Circle to launch new global payments and remittance network

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Circle, the issuer behind USDC and EURC stablecoins, is launching a new global payments system that will streamline cross-border bank transactions. According to a press release on Apr. 21, the Circle Payments Network connects banks, fintech firms, digital wallets, and other financial institutions to enable real-time, cross-border transactions using regulated stablecoins like USD Coin (USDC) … Read more

Vaulta and VirgoCX team up to launch stablecoin remittance app VirgoPay

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Web3 banking firm Vaulta has announced a strategic partnership with digital asset provider VirgoCX Global Holdings to launch VirgoPay. VirgoPay will be a cross-border remittance network that integrates stablecoins to reduce transfer fees and speed up transactions. Set to launch in May, VirgoPay will use Vaulta as its default settlement layer, enhancing the reliability and … Read more

Hong Kong’s IDA partners with Japanese firms to build stablecoin cross-border remittance service

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Hong Kong digital asset company, IDA Finance teams up with Japanese banking group Progmat and other firms to develop a stablecoin remittance service between the two regions. According to a recent press release, IDA and Progmat Inc will also be working together with Japanese blockchain firm Datachain and cross-chain infrastructure provider TOKI to build a … Read more

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