Remittance Market

Hundreds of protesters took to the streets of El Salvador to raise their voices against President Nayib Bukele's decision to make Bitcoin (CRYPTO: BTC) legal tender. What Happened: On Sept 7, Bukele will introduce the much-debated Bitcoin Law in...

Fintech startup WorldRemit has raised $40 million in series C funding from Leapfrog Investments, Accel and TCV, according to a corporate release. The sum brings the money-transfer firm’s total funding to $220 million and its valuation to $668 million — representing 34-percent growth...

eBay Inc (NASDAQ: EBAY)'s PayPal announced on Wednesday that it will acquire Xoom Corp (NASDAQ: XOOM), a company engaged in digital consumer-to-consumer international money transfers, for $890 million or $25 per share. The acquisition represents an approximate 21 percent premium to Xoom...