Venezuelan Migrants Are Using Bitcoin for Remittances, But There’s a Catch
For many of these bitcoin users, crypto payments are merely a last resort and fiat transfers are still generally easier.
The blockchain firm is part of an 11,000 strong network of cash-out counters launched by UnionBank of the Philippines.
Lebanon's crisis has been raging for years, but the devaluation of the Lebanese pound and a global downturn has made stable financial services even more urgent.
The move follows the latest sanction from the Trump administration.
RAKBank aims to speed up remittances for Bangladeshi expats after integrating with RippleNet.
Amid civil unrest, bitcoin is helping some Lebanese get by. Emphasis on the word “helping.” Traditional social ties are as important as technology.