The latest study by the World Bank shows that it costs 498 on average to remit funds to South Asia which makes it the least expensive region while subSahara Africa is the most expensive with an average cost of 847 The quarterly study also finds that it is costlier to remit funds when using service providers such as banks that charge an average of 1089

A survey by German financial industry consulting firm Confinpro AG has revealed that 68 of finance experts believe that blockchain technology will have negative or very negative consequences for traditional banksThe firms leading consultant adds that now is thetime to act rather than waiting for the technology to threaten major aspects of current business models

Facebooks libra cryptocurrency is reportedly preparing to launch with a single cryptocurrency a scaleddown version of its original plan The launch date for Facebooks libra could be as early as January

The latest study by the World Bank shows that it costs 498 on average to remit funds to South Asia which makes it the least expensive region while subSahara Africa is the most expensive with an average cost of 847 The quarterly study also finds that it is costlier to remit funds when using service providers such as banks that charge an average of 1089