Bitcoin blockchain-based Moneytis aims to offer the lowest possible fees to help empower unbanked groups in the developing world.
The global remittance industry’s blockchain-based startups got a boost recently at the Remittance Technology (RemTECH) awards held at the United Nations in New York, from June 16 to 18 as part of the UN Global Forum on Remittances, Investment and Development.
Of the 11 award-winning remittance companies, five startups built on the blockchain were winners.
The National Bank of Cambodia is not the only central bank looking at possible implementation of blockchain technology.
For Bank of England Governor Mark Carney, the most interesting use case for blockchain technology is the securities settlement process.
The Canadian central bank, the Bank of Canada, is also interested in what blockchain technology can offer, having run a similar trial to test blockchain-based digitized fiat currency for interbank payments.