Remittances have been at an all-time high in the last couple of years. Experts predicted that by 2021, migrant workers will send home nearly $600 billion a year. However, the COVID-19 has changed all that. Instead of consistent growth remittances have shown the sharpest decline in recent history. Millions of migrant workers are now unable to send their money home. Cryptocurrency might offer a solution to that problem to prevent a recurrence of this situation. State of remittances in the COVID-19 pandemic Remittances are going down fast, which is a major problem for all remittance-dependent economies. There are quite a
Consumer fintech startups were massively successful in 2019, attracting millions of new users and disrupting traditional retail banks and financial services with mobile-first,...
With the Bitcoin halving five hours away, many crypto pundits have expressed their views and predictions regarding what would happen post-halving. Bitcoin has gone through two halvenings in the past, but never during a pandemic-induced economic recession. In hindsight, the first cryptocurrency had always gone through unprecedented highs 6-12 months following a mining reward shrinkage. […]
On May 9, we wrote that the Loom Network, a platform-as-as-service blockchain project, appeared to no longer be active. Representatives from the platform...
Hype is steadily building across the wider cryptocurrency community as the looming Bitcoin mining reward halving draws closer. As the world grapples with the...
