Owen Vaughan shared that nChain has been working with the Philippines government, where it’s building an identity management solution and a document signing tool on the BSV blockchain.
The Digital Dollar Project announced in a press release that it had completed a pilot study focusing on retail CBDCs, using a digital dollar in remittance payments to the Philippines.
Nigeria has now lifted a ban that it placed in 2020 allowing remittance payments only in the USD—experts say the move will re-ignite the dwindling remittances.
Centi partnered with Centbee to power remittances from Switzerland to African countries, and combined with the all-new Centi stablecoin, it could be a game-changer.
International money transfer operators are expected to apply for a one-time license to pay out funds in the eNaira, with the CBN providing account details for IMTOs to receive foreign currencies.
In one of the biggest announcements at the London Blockchain Conference, it was revealed that Centbee users can receive remittances through Centi stablecoin.