For a long time, sending money across borders meant dealing with banks. This has changed considerably over the last two decades, mainly because of the widespread use of the Internet. Now, the international funds transfer market is going through a change in dynamics again, with some prominent FinTech companies leading the way. An example in case is UK-based TransferWise, a billion dollar unicorn that turned profitable six years after launch. …
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There is no denying Bitcoin has a global appeal, while other financial tools and platforms can never achieve that status. In fact, when comparing all different forms of payment in the world, only gold comes close to what Bitcoin can achieve. A global appeal, very low fees, and no control by banks make Bitcoin a serious contender. Bitcoin and Gold Trump Everything Now and then, some interesting infographics will show …
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The remittance industry seems to be ripe for disruption thanks to blockchain technology. But a recent report from Equities Research shows that not everything is rosy. There are some limitations to take into account for companies dealing with Bitcoin, but other distributed ledger-based companies may fare better. Blockchain in Remittance Remains Iffy Various Fintech companies are eyeing the remittance industry, as this sector is prone to disruption. More secure solutions, …
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