Hong Kong-based crypto remittance platform Bitspark has shut down. The company has blamed botched internal restructuring and unrest in Hong Kong for its woes.
The bank, considered to be the fifth largest in Japan, was one of the three banks that were using the Money Tap service.
Western Union might say they are staying away from digital currencies, but there was a market too sweet not to tap in the Philippines, and Coins.ph was a willing partner to bring them in.
Venezuela is launching a new remittance service for cryptocurrencies, in an effort to save their failing economy.
Telenor, a global telecommunication giant, announced through its Pakistani subsidiary the launch of a blockchain powered cross border remittance service to Malaysia.
Facebook Inc. is reportedly planning to release its own cryptocurrency pegged to the U.S. dollar, initially for facilitating money transfers.
Sompo, a Japanese insurance company, has partnered with BitPesa, a pan-African digital payment platform, as part of its bid to increase the company’s global presence.
UK-based remittance platform TransferGo has launched a crytocurrency facility, allowing crypto traders to buy and sell major cryptocurrencies like Bitcoin Cash (BCH).