Sentences with phrase «cross-border money transfer»

From 2012 to 2014, primarily venture capitalists were funding business - to - consumer bitcoin - enabled solutions for common banking problems such as cross-border money transfer or retail payments.

It conducts cross-border money transfers in 200 countries and does transactions in more than 130 currencies.

As a business, Ripple is focused exclusively on cross-border money transfers.

AUSTRALIAN ASSOCIATED PRESS - Aug 11 - Following reports that 43 Australians have lost more than $ 100,000 each this year, with some victims sending more than $ 1m overseas over several years, the Australian Competition and Consumer Commission (ACCC) is joining forces with government anti-money laundering agents to implement an alert system for suspicious cross-border money transfers.

Questions relating to cross-border money transfers should also be tagged with international - transfer

Stellar network will be implemented for cross-border money transfers privided by LaLa World.

Companies across the globe have identified helpful uses of the technology, such as cross-border money transfers and food safety assistance.

All signs point to cryptocurrency slowly becoming the new standard for cross-border money transfers.

Not exact matches

Under the terms of the new pact, MoneyGram will let people «safely and efficiently send cross-border payments to friends, families and business partners,» noting that the «current model for these payments requires money transfer companies to use pre-funded accounts across the globe to source liquidity.

The reality is that except in a limited number of highly liquid corridors — corridors that are likely already well - served by incumbent money transfer services — Bitcoin remains a less - than - perfect solution for cross-border payments.

The prediction is based on the assumption that cross-border electronic money transfers have doubled in past 15 years and would grow exponentially in the coming years.

Although Bitcoin was first perceived as a disruptive threat to the banks, creating the opportunity for customers to transfer money between each other directly, the technology that underpins it now promises to improve the banking experience in a number of areas, including cross-border transactions.

For example, an experienced bank with existing money transfer and payments infrastructure may invest more time and effort in developing their cross-border payment offering.

To provide its low - cost cross-border payment service, bridge21 leverages bitcoin to process the money transfers, while its customers deal purely in fiat currency.

That might seem a bit strange, since a whopping 89 percent of Moneygram's revenue in 2016 was generated from its money transfer service, according to the company's most recent annual report, and XRP (and other cryptocurrencies) are widely targeted at cross-border money movement.

Citing an example for a wider, real - world application for cryptocurrencies, Menon raised the possibility of benefitting migrant workers in sending «money back to their villages» with «cheaper, faster and more efficient» cross-border transfers.

Blockchain startup Ripple has inked a partnership with money transfer service LianLian International to process real - time cross-border payments into China.

Although blockchain implementation might reduce the bank's revenues from money transferring fees, it would reduce expenses for a cross-border payments system developing and cybersecurity.

Though Ripple is far removed from the grand vision of blockchain technology, it is solving the real - world problem of slow and expensive cross-border transfers of money.