89 Followers
·
Follow

Remittances play a large role in the economies of developing countries, raise their standard of living, and help fight poverty. They are also seen as an important part of disaster relief and often exceed official development assistance (ODA). For the past 25 years, remittances have exceeded development aid, and in some cases make up a significant portion of a country’s GDP.

As of 2019, there are more than 164M people who live and work overseas. Many of them send money back to their home countries to support their families. For example, 10.2 million Filipinos live abroad, which makes up a tenth of their domestic population. The majority of Overseas Filipinos (4.1M) live and work in the US and send $250 per person every 45 days. …


Discussions surrounding cryptocurrency payment platforms have captured the attention of investors worldwide, specifically on whether digital currencies are useful in the retail sector. For instance, the growth and widespread adoption of ‘stable-coins’ has nudged 20,000 merchants to accept crypto payments. The list of parties interested in crypto-transactions, however, is not merely limited to small businesses; we have seen that corporations like Microsoft, Overstock, Namecheap, Starbucks, Whole Foods, CheapAir, Travala, and Expedia have all shifted their attention.

The $250 Billion crypto payment market, though broad, can be best understood by examining three major categories: P2P Retail Payments, Crypto Custody, and Merchant Plugin and Gateways.


In the age of negative rates and high transaction fees, the slogan is “Cash is the king!”

This is true both in Europe and in Japan where citizens have met similar problems: their savings are not safe in bank accounts. …

About

Cyclebit

Sell and accept cryptocurrency anywhere. In-store, online or on-the-go.