Blockchain Remittance: The Future of International Money

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Bitcoin remittances regulation in the US

Hey all,
I have started working on an app/website that does remittances from the US to some parts of Asia and Africa.
The way it works is similar to www.rebit.ph:
Users who want to send money back home first convert the dollars to bitcoin, then send those bitcoins to the app/website's address, and from there we sell it on the receiving country's local market, and then pay their family/friend in local currency in the receiving country's.
What I'm wondering is:
Thanks for all and any suggestions.
submitted by attilah to Bitcoin [link] [comments]

Bitcoin remittances in Africa are growing like crazy and no one is talking about it

Bitcoin remittances in Africa are growing like crazy and no one is talking about it submitted by CryptigoVespucci to Bitcoin [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by Rufflenator to 3bitcoins [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by Brent357 to Bitcoin_Future [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by W1ngIt to hahahahahahahah [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by Leka213 to CryptocurrencyToday [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by ososru to Bitcoin4free [link] [comments]

Bitcoin Remittances Helping Venezuelan Migrants, But is it Enough?

Bitcoin Remittances Helping Venezuelan Migrants, But is it Enough? submitted by n4bb to CoinPath [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by Brent357 to Bitcoin_2019 [link] [comments]

Venezuela: Maduro Administration Now Wants to Profit From Bitcoin Remittance

Venezuela: Maduro Administration Now Wants to Profit From Bitcoin Remittance submitted by Suberg to Bitcoin [link] [comments]

Swift Facing Criticism From Bitcoin Remittance Companies

Swift Facing Criticism From Bitcoin Remittance Companies submitted by Hellterskelt to bitcoin_is_dead [link] [comments]

Venezuela Imposes Capital Controls on Bitcoin Remittance Amid Record Volume

Venezuela Imposes Capital Controls on Bitcoin Remittance Amid Record Volume submitted by Suberg to Bitcoin [link] [comments]

Venezuela: Maduro Administration Targets Bitcoin Remittance

Venezuela: Maduro Administration Targets Bitcoin Remittance submitted by Ranzware to BitNewsLive [link] [comments]

The huge smiles on these migrant workers faces tell a lot about how much money they are likely saving when using Bitcoin remittance service Bitspark in Hong Kong.

The huge smiles on these migrant workers faces tell a lot about how much money they are likely saving when using Bitcoin remittance service Bitspark in Hong Kong. submitted by Godfreee to Bitcoin [link] [comments]

Bitcoin, remittance transfers and different ways of buying BTC.

Bitcoin, remittance transfers and different ways of buying BTC. submitted by Actualcrypto to btc [link] [comments]

Why I love Bitcoin (remittance to USA from South Korea) Bank=$504 Bitcoin=$568

So I work in Korea but have to send money home every month to pay off student loans. If I use my Korean bank account ,KEB, and my american account, a local bank near my old house in MI, it cost me 18,000won from KEB, $12 from my local bank, and some $20 mystery fee. No idea where it goes.
I just sent money home using bitcoin. I opened a Korbit account and transferred money to that bitcoin exchange. I bought 596,250won worth of bitcoin ($553.10) at an exchange rate of 1078won/dollar(KEB rate) which was 2.65 bitcoin.
I also have a circle and coinbase account but I learned I get a better price with Circle.com, so I used them this time. When it entered my Circle account, 2.65 bitcoin was $568.77. Since they don't have a charge I will end up with 568.77 in my bank. I know this is what i'll get because I did this last month as well)
Compared to KEB(Korean Exchange Bank-Local bank) I would get 596,250won-18,000won(KEB bank fee)=578,250/1078(KEB exchange rate)=$536.41 536.41-$12(local bank fee)-20(other hidden fee)=504.41
So using bitcoin I end up with $568.77 using bitcoin in my account. Using KEB bank I get $504.41
WINNER BITCOIN by $64.36
The only thing that sucks was opening the accounts and having to log on a few times to transfer the money and bitcoin. FYI other times I used bitcoin it wasn't as good but I have always come out better than using the bank. Right now the exchange rate and the differences in price of bitcoin were in my favor as well as the volatility of price didn't change too much.
submitted by jinwoonlee to Bitcoin [link] [comments]

We had a phenomenal 2014 with our Bitcoin Remittance service, exceeding all our expectations in user and volume growth. In response, we've decided to remove our 1% fee altogether. Pay ZERO fees for international money transfers using Bitcoin to almost any Bank in the Philippines.

We had a phenomenal 2014 with our Bitcoin Remittance service, exceeding all our expectations in user and volume growth. In response, we've decided to remove our 1% fee altogether. Pay ZERO fees for international money transfers using Bitcoin to almost any Bank in the Philippines. submitted by Godfreee to Bitcoin [link] [comments]

Hands On With Visa Europe's Bitcoin Remittance App

Hands On With Visa Europe's Bitcoin Remittance App submitted by mikeytom77 to Bitcoin [link] [comments]

Venezuela Imposes Capital Controls on Bitcoin Remittance Amid Record Volume - Bitcoinist

Venezuela Imposes Capital Controls on Bitcoin Remittance Amid Record Volume - Bitcoinist submitted by ulros to fbitcoin [link] [comments]

With Bitcoin, Remittance isn't an Expense, but a means of Profit.

With Bitcoin, Remittance isn't an Expense, but a means of Profit. submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Huge milestone for us: Our Bitcoin Remittance startup Rebit.ph just fulfilled more remittances in just one day today than in our entire first month combined.

Huge milestone for us: Our Bitcoin Remittance startup Rebit.ph just fulfilled more remittances in just one day today than in our entire first month combined. submitted by Godfreee to Bitcoin [link] [comments]

Bitcoin, remittance transfers and different ways of buying BTC.

Bitcoin, remittance transfers and different ways of buying BTC. submitted by Actualcrypto to CryptoCurrencies [link] [comments]

Duncan Goldie-Scot: Bitcoin and Remittance Payments in Kenya Sending Bitcoin Abroad MTBIT - The use of Bitcoin by Money Transfer Operators - Part 2/3 What is Bitcoin Maximalism? PART 1 Bitcoin Hit $9,500, Bull Run Hype, Infinite Money, 50% Of Ethereum, XRP Remittance & EOS + Bitcoin

Hong Kong-based Bitspark Limited, a bitcoin remittance company, has announced a new partnership with Malaysian Vitaxel Group. Vitaxel Group, which specializes in multi-level marketing, has more Blockchain remittance companies provide instant money transfer services. Remittance Firms: Abra. Africa relies heavily on remittance payments. Until recently, large financial firms, such as Western Union and MoneyGram, dominated the market. This changed when blockchain remittance companies began to spring up across the continent. The remittance market has, in the past years, attracted a large number of bitcoin start-ups. Huge in size, involving more or less every country in the world and with some very large and established incumbent player charging high fees, it looked ripe to be disrupted by the promise of a decentralised, almost free and instantaneous way to move funds across borders and currencies. The US White House is reportedly planning to target remittance payments made by illegal Mexican immigrants in an attempt to curb the inflow of illegal If Trump's new proposal to curb remittances is passed, Mexicans in the US may turn to alternatives such as Bitcoin. Bitspark, a bitcoin remittance company based in Hong Kong, is offering services to send money to countries like the Philippines, Indonesia and Vietnam. It offers a cloud-hosted solution for MTOs

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Duncan Goldie-Scot: Bitcoin and Remittance Payments in Kenya

What is Bitcoin? And Why Should I Care? - Jeremy Allaire @ MIT Bitcoin Club - Duration: 54:31. MIT Bitcoin Club Recommended for you Why Bitcoin is a Better Way to do International Money Transfers - Duration: 3:11. Coin Republic 21,196 views. 3:11 [40] How Big is the P2P Remittance Market? - Duration: 3:09. Mr. Luis Buenaventura, started working in the Bitcoin space in 2014 and, with his startup Bloom (https://www.bloom.solutions), focuses on bringing the blockchain to remittance businesses around ... Bitcoin Hit $9,500, Bull Run Hype, Infinite Money, 50% Of Ethereum, XRP Remittance & EOS + Bitcoin The Modern Investor. Loading... Unsubscribe from The Modern Investor? Duncan is the co-founder of BitPesa, a Bitcoin-fueled remittance startup in Nairobi.

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