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 …
tl;dr: Coins.ph just broke the law in all 50 States by willfully conducting money transfer services without a money transmitter license and are not even registered with FinCEN (at the time of writing this article). There is a very interesting article that caught my eye today in CoinDesk. A startup based out of Philippines is now offering remitters …
Coins.ph offers remittances to Philippines using Coinbase. Illegally? Read More »
Introduction This article discusses the ability to make small-value remittances, across border in a seamless manner, without incurring any high-costs that are typically associated with cross-border money transfers. These micro or small-value transactions can literally uplift economies. There are (in my opinion) Billions of Dollars worth of transactions, waiting to happen, if the framework for …
How Small Value Remittances can increase transactions in an economy. Read More »
A snapshot of the person to person global remittance money transfer market. Great infographic and research by Anthemis Group.
If you are venturing into the world of Remittances, these five documents constitute the Remittance Bibles. Must have and must read to get an excellent understanding and insight into the Remittance world. Converting Migration Drains into Gains. Filipino Workers’ Remittances (Main Report) Filipino Workers’ Remittances (Market Study) Global Economic Prospects (2006) Workers’ Remittance Flows in …
