A "remittance network" refers to a system or platform that allows people living in one country to send money to someone in another country. It helps facilitate quick and secure money transfers across different regions. Full definition
Ripple is also a real - time gross settlement system, currency exchange and remittance network by Ripple. (techstartups.com)
Other stories in the news: - A hotel bookings company based in Australia has developed a blockchain proof - of - concept in partnership with Microsoft; OKcoin launches Blockchain remittance network in Korea; China's first online insurance company starts blockchain R&D and the Department of Justice is looking to hire attorneys to assist it with developing digital currency regulations. (bit-media.org)
HashCash, a blockchain remittance network operator working with some of the worlds the largest banks, currency exchanges and payment networks to facilitate cross-border payments on its blockchain network, HC NET has announced starting today — March 10th, users can send bitcoins from their wallets to the Paybito app and purchase HCX after going through KYC / AML checks required by their respective jurisdictions. (cryptoninjas.net)