Bitcoin Remittance Payments to Pay Fees in Venezuela

bitcoin remittance payments

Bitcoin remittance payments are the most recent target of Venezuela's cash strapped government. In order to benefit from the growing cryptocurrency economy, the government also recently launched its own cryptocurrency named Patria. By making bitcoin remittance senders pay a transaction fee on payments that they send home to family in the country, the government aims … Continue reading Bitcoin Remittance Payments to Pay Fees in Venezuela

Bitcoin Remittances Could Lower Cost of Sending Money

Bitcoin remittances and other virtual currencies are increasingly being used to transfer money from one person to another. Whether it is for retail purposes or for personal payments, there is no doubt that the cost of sending money is just too high. Source:¬†World Bank's December 2018 report on global trends for remittance prices.¬† For example, … Continue reading Bitcoin Remittances Could Lower Cost of Sending Money

Use of Cryptocurrencies like Bitcoin for Remittances Increased

Due to the high cost of sending remittances, bitcoins and other similar currencies have gained popularity. Using crypto like Bitcoin for remittances are not only more cost-effective but also faster and more efficient. When using conventional methods of sending money across borders, people often have to pay large amounts in fees and wait days before … Continue reading Use of Cryptocurrencies like Bitcoin for Remittances Increased