Does transferring money (for remittances) with Bitcoin, really save you money? This is a question I get asked a lot, so I thought, why not answer it. Transcript Hello my name is Faisal Khan. I’m a banking and payment consultant. And the question I’m answering today is: Is bitcoin a better alternative for international remittance […]
Bitcoin Remittance Here is a brief presentation that explains the flow of funds and the basic concept behind Bitcoin Remittance, i.e. how to use Bitcoin as a means for value transfer for purposes of cross-border money transfer.
Rebittance Bitcoin Remittance is the money transfer based on Bitcoin. Here is a list of all the companies in the world, that are engaged in money transfer services (whether legally or without a license), better known as Rebittance. These companies offer some kind of remittance service. Abra Aircoinz – (Argentina) Align Commerce Beam Remit – (Ghana) […]
Many bitcoin ventures are aiming at disrupting the remittance market. Remittances (or Home Remittances as they are officially known), are a particular type of repeat money-transfer between two countries. Remittances are typically sent by the diaspora or foreign workers, sending family maintenance money back home. Gauging the size of the mark in the vicinity of […]
One question often asked is how do Bitcoin remittances work. Rebittance as it is more affectionately called, enable near real-time value transfer between two money transfer operators. Whether or not this is legal, is a separate debate and you can read about it here (How Legal is Bitcoin Remittance).
In February 2015, I wrote an article Coins.ph offers remittances to Philippines using Coinbase. Illegally? The end result of the article was receiving approximately 54+ comments out of which 50 or so were downright abusive. Hate mail followed. I almost debated if publishing this article was going to be worth it. After much thought I have decided […]