NFT News by Thebittimes.Com

A growing trend in finance known as remittances is described by the International Monetary Fund (IMF) as the sum of two main components involving financial transactions across borders: “Compensation of employees” and “personal transfers”. However, it can also often describe migrants sending money to their origin country. Due to technological innovations and the current global landscape, remittances have grown in volume in the last few years, attracting researchers, entrepreneurs, fintech, payment providers, government agencies, bankers, and other relevant entities worldwide. Which includes the cryptocurrency market. Interestingly, data retrieved by Finbold from KNOMAD on October 4, shows that over $840 billion were already sent as remittances in a still going 2023. This volume is already bigger than the $831 billion transacted in 2022, which was 40 billion dollars higher than 2021’s $791 billion. Remittances Worldwide Data in 2021, 2022, and 2023. Source: KNOMAD Additionally, a ...

Join Our Telegram channel to stay up to date on breaking news coverage In a move that has sent ripples through the cryptocurrency world, Gemini, the U.S.-based cryptocurrency exchange founded by the Winklevoss brothers , is hinting at a possible listing of Ripple’s XRP token. The exchange’s recent cryptic tweet has set the community abuzz with speculation, marking a potential turning point for Gemini and the broader cryptocurrency market. Gemini, known for its commitment to compliance and user experience, recently tweeted an enigmatic message accompanied by a GIF of a cat sitting at a desk, captioned, “Me, the intern, patiently waiting for Gemini to list XRP.” While the tweet did not provide explicit confirmation, the mere suggestion of XRP’s listing on Gemini has ignited enthusiasm within the crypto community. Me, the intern, patiently waiting for @Gemini to list XRP. (i want some) pic.twitter.com/I7r7QBjYKR — Gemini (@Gemini) August 7, 2...