Money Transfers

Digital Remittances Reach Record High of $96 Billion, Fees Charged by Traditional Providers Open Door for Cryptocurrencies

</header> <strong>In a globalized world where labor follows capital, the remittance industry has been growing constantly in both volume and users. Traditional providers like banks and money transfer companies have been charging high fees for their services which creates opportunities for alternative digital platforms and decentralized cryptocurrencies. </strong> Also read: Russians Can Use Qiwi, Sberbank, …

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Euronet Subsidiary Ria Turns to Ripple Tech Seeking Faster Money Transfers

Ria Money Transfer, a subsidiary of U.S.-based payments firm Euronet Worldwide, has joined Ripple’s blockchain-based payments network seeking faster cross-border payments. In an announcement Wednesday, Ripple said that RippleNet will help Ria settle transactions with “increased speed, transparency and efficiency.” Customers stand to benefit too, it adds, with end-to-end tracking, improved visibility into fees and details of …

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