Topic

Remittances

Money that people living abroad send to relatives back home; a major cross-border flow and key income source for many developing economies.

Current stories

investConfirmed3 publishers

Coins.ph faces possible loss of its Philippine license over offshore gambling clients, two people say

Coins.ph, the Philippines' largest crypto exchange with over 18 million customers, faces a possible license loss, two people told CoinDesk. A revocation would remove the venue handling some 75% to 80% of the country's peso-to-stablecoin liquidity.

Publishers:coindesk.com crypto.news cryptobriefing.com

Perspective Coverage

3 publishers

Builder: Builder 12%
Operator: Operator 43%
Investor: Investor 45%

Reality

Evidence40
Adoption: Not scored
Hype gap+25
Incentives: Not scored
Confidence55

investOne report1 publisher

Ripple's $24 million XRP claim attaches to the Tranglo stake Currenc priced at $400 million

Ripple won a Malaysian court charge on Seamless Group's 60% Tranglo stake, priced at $400 million, to collect $24 million in unpaid XRP invoices. The charge became absolute a day after Currenc's deadline to sell that stake to New Margin passed without a disclosed closing.

Publishers:news.bitcoin.com

Reality

Evidence62
Adoption: Not scored
Hype gap+12
Incentives58
Confidence55

investOne report1 publisher

Coinbase's stablecoin rails carry a $2 remittance app into El Salvador's $9 billion market

Coinbase is supplying the payments stack for Sivar, a Modveon app that sends US money to El Salvador for a flat $2 and settles in stablecoins on Base. Recipients can still collect cash at the other end, so for now the stablecoin sits mainly in the settlement layer.

Publishers:cryptopolitan.com

Reality

Evidence35
Adoption15
Hype gap+35
Incentives70
Confidence40

investOne report1 publisher

Stablecoins kept Latin America's crypto activity growing as global market value halved

Chainalysis puts Latin American on-chain activity at $593.8 billion in the year to June, up 9.8%, while global crypto market value roughly halved. Stablecoins absorbed the shock, so the region's usage figures now track demand for dollar settlement and remittances.

Publishers:crowdfundinsider.com

Reality

Evidence45
Adoption60
Hype gap+15
Incentives: Not scored
Confidence50

scienceOne report1 publisher

A Miami diaspora nonprofit turned to the same Colombian partner it worked with in 2020

A researcher of diaspora philanthropy says immigrant-led nonprofits reach disaster zones early because their local partners are already in place. The clearest support offered for that is one Miami group working with the same Colombian counterpart twice.

Publishers:phys.org

Reality

Evidence40
Adoption45
Hype gap+25
Incentives55
Confidence42