Mastercard, R3 to Develop Blockchain Cross-Border Payments Platform
The card giant is to develop a blockchain-powered cross-border payments platform in partnership with enterprise-focused blockchain firm R3.
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.
RAKBank aims to speed up remittances for Bangladeshi expats after integrating with RippleNet.
The blockchain firm is part of an 11,000 strong network of cash-out counters launched by UnionBank of the Philippines.
Amid civil unrest, bitcoin is helping some Lebanese get by. Emphasis on the word “helping.” Traditional social ties are as important as technology.
For many of these bitcoin users, crypto payments are merely a last resort and fiat transfers are still generally easier.