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Tag: Digital Currency

MoneyGram to Launch Non-Custodial Digital Wallet for Cross-Border Payments

MoneyGram plans to launch a non-custodial digital wallet that will offer new ways to send and receive cross-border payments. The wallet is set to debut in the first quarter of 2024 and will allow users to seamlessly move from fiat currency to digital currency and back again, the global FinTech company said in a Tuesday (Sept.…
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September 24, 2023
STEALTH SOLDIER BACKDOOR USED IS TARGETED ESPIONAGE ATTACKS IN LIBYA

Researchers detected a cyberespionage campaign in Libya that employs a new custom, modular backdoor dubbed Stealth Soldier. Experts at the Check Point Research team uncovered a series of highly-targeted espionage attacks in Libya that employ a new custom modular backdoor dubbed Stealth Soldier. Stealth Soldier is surveillance software that allows operators to spy on the victims…
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August 16, 2023
Convera completes purchase of Western Union Business Solutions

Non-bank B2B payments fintech Convera has completed the acquisition of Western Union Business Solutions (WUBS) after acquiring it for $910m in 2021 The new addition enables Convera to focus instead on its planned investments to change cross-border payments in the coming years. The company works with clients ranging from small business owners to enterprise treasurers,…
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July 17, 2023
In Zimbabwe, digital gold beats bitcoin

The Reserve Bank of Zimbabwe is trying something new. Or rather, something very old. You think you’ve got problems? Consumer price inflation in Zimbabwe is running at 75% a year. And that’s only the official rate. The International Monetary Fund thinks it’s nearer 175%. Either way, you get your paycheck and you run, not walk,…
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June 23, 2023
Remitly to Acquire Rewire to Expand into Complementary Geographies with Account-Based Remittance Product

Remitly and Rewire share a commitment to transform the lives of millions of immigrants and their families with the most trusted and innovative financial services products. SEATTLE & TEL AVIV, Israel–(BUSINESS WIRE)–Aug. 16, 2022– Remitly Global, Inc., (NASDAQ: RELY) (“Remitly”), a leading global digital financial services provider for immigrants and their families, today announced that it has signed a definitive…
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August 16, 2022
How Remitly Uses Behavioral Analytics to Foster Consumer Satisfaction

Immigrants working abroad want receivers to get their funds instantly, at the same time, remittance platforms need compliant systems to keep those transfers secure. In the Monetizing Digital Intent Tracker, Remitly CEO Matt Oppenheimer explains how authentication using behavioral analytics reduces fraud at the same time it creates a seamless cross-border P2P experience. Remittances are…
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December 20, 2021
WorldRemit Completes Sendwave Acquisition And Appoints Two Executives To Its Management Team

Seasoned Veterans Join As WorldRemit’s Global Payments Network Processed c.$10 Billion In 2020 WorldRemit, the digital, global cross-border payments company today announced that it has completed its acquisition of Sendwave and announced that the combined companies processed circa US$10 billion in transfers in 2020. In addition, the company announced the appointment of Michael Ball as…
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February 16, 2021
Naomi Campbell in diamond drama

British supermodel Naomi Campbell could be subpoenaed to testify at the trial of Liberia’s ex-President Charles Taylor for accepting a ‘blood diamond.’ It is alleged that Ms Campbell “was given rough diamonds” by Mr Taylor in 1997 at Nelson Mandela’s house in South Africa. Mr Taylor is accused of using “blood diamonds” to fuel an…
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February 10, 2019