Nigeria’s Zone to launch blockchain remittances in 2025
Rebranded from Appzone and formerly a software firm, Zone now processes blockchain payments and facilitated over $360 million for Nigerian banks last year.
Rebranded from Appzone and formerly a software firm, Zone now processes blockchain payments and facilitated over $360 million for Nigerian banks last year.
CoinGeek Backstage caught up with the DA5 executives on the sidelines of the Philippine Blockchain Week 2023 to learn more about what the app can do and how it was established.
Central banks can build their CBDC systems on top of the Bitcoin blockchain like an overlay network, leveraging Bitcoin’s scalability, stability, and security.
In this installment, Dr. Craig Wright tackles how remittances and central bank digital currencies could transform the global payments industry while drawing inspiration from what nChain is building with the Philippines.
In the fourth session on Day 1 of The Bitcoin Masterclasses, Dr. Craig Wright talked about how party-to-party transactions work on Bitcoin and how it can revolutionize different industries.
Kumaraguru Ramanujam’s application, MoneySwipe, aims to bring down fees for sending money abroad from the current global average of 7% to just 1.5%.
The BIS published the findings on a multi-CBDC project between central banks in Hong Kong, Thailand, China, and the UAE, showing the benefits of central bank-backed digital currency.
As UAE moves towards opening the first licensed digital currency exchanges in the territory, its large migrant population is eagerly awaiting the availability of wallets and digital currency transfer platforms.
ICICI Bank has been gradually shutting out digital currency ties in recent months, in line with actions taken by its peers including Yes Bank and IDFC First Bank.
A spokesperson for the World Bank reportedly said there are too many ‘shortcomings’ in BTC for this to be something they would be willing to assist with in implementation.
Lawmakers in El Salvador voted—with 62 out of 84 votes—in favor of President Nayib Bukele's proposal to create a law that will pave the way towards adopting BTC.
The Central Bank of Nigeria announced its “Naira 4 Dollar Scheme” recently, targeting diaspora remittances.