Summary Remitly is positioned to become the global leader in cross-border digital remittances, gaining market share from traditional players. The shift from cash-to-cash remittances to digital transactions provides a significant tailwind for Remitly's growth.

Remitly: X-Border Digital Remittance Winner

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Remitly Global Inc shares valued at $402,438 were sold by Yoakum Rene on Oct 16. At $26.83 per share, Yoakum Rene sold 15,000 shares.

RELY’s short interest surges to 4.91 million shares

According to the World Bank, total global remittances to low- and middle-income countries will reach $656 billion in 2023. This category of financial support exceeds foreign direct investment and development assistance grants in scale, and serves as a ...

The 'de-risking' trend is harming countries that rely on remittances

Remitly Global Inc (NASDAQ: RELY)’s stock price has soared by 1.80 in relation to previous closing price of 26.69. Nevertheless, the company has seen a gain of 0.11% in its stock price over the last five trading days.

Remitly Global Inc (RELY) Shares Soar Above 1-Year High

The Cleveland Fed and two well-known investors indicate we're headed for a big slowdown that may be just around the corner.

Exploring the Ackman/Gross Effect, Dismal GDP Outlooks, Inevitable Recession?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips Russell 2000 stocks often fly under the radar, overshadowed by their larger

3 Russell 2000 Stocks That Are Poised for Explosive Growth

“If a company is losing money on each sale, growth will only exacerbate the problem, leading to financial instability and potential collapse,” notes Pankaj Sharma, the executive vice president of Global Remittance Business Management at Remitly Global ...

Tech start ups have it all – except high profits

In a filing, Remitly Global Inc revealed its EVP, Customer and Culture Yoakum Rene unloaded Company’s shares for reported $0.4 million on Oct 16. In the deal valued at $26.83 per share,15,000 shares were sold. As a result of this transaction, Yoakum Rene now holds 42,994 shares worth roughly $1.13 million.

Insider Selling Buzz: Remitly Global Inc [RELY] EVP, Customer and Culture Yoakum Rene sold 15,000 shares of the company

Mastercard (NYSE: MA) and Remitly Global announced they’ve joined forces to expand access to cross-border payments and remittances.

Mastercard, Remitly to Expand Cross-Border Payments Solutions

Want an edge in trading? Follow the Big Money. What’s Big Money? Said simply, it’s when a stock rises due to institutional demand. Top stocks tend to attract savvy investors. You see, fund ...

Remitly Global: Relentless Inflows Send Shares Soaring

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finally shows less than 365 days. This time halving is more meaningful than before due to the economic conditions we are in. Accepting Bitcoin as a is not going to happen in a day but there are non-negligible signs supporting the idea of using Bitcoin as a global currency. In this article, I will go through the reasons and signs that support why Bitcoin is here to stay and what can its real value be. I will mention the global systemic risks of monetary policies, for example, high inflation and interest rates in developed economies, and how a death spiral is leading the economies to a dystopia in the last part of this article The Bitcoin halving countdown global currency Firstly, just because I don’t want to sound like an obsessed Bitcoin-maximalist and conspiracy theorist, I will identify the real-life use cases of Bitcoin to determine the real value of Bitcoin before I mention global money problems in the last part. Here is a ultimate guide to Crypto for Beginners Let’s start with the first use case of Bitcoin; sending money. If the entire Bitcoin network was an international money transfer startup in which miners are contractors to provide service like local banks and tellers and users are clients to receive service like individuals like us, the Bitcoin network company would be the most transparent company with the . There are global companies that provide money transfer services across the globe, Western Union, MoneyGram, Paypal, TransferWise, and Remitly. cheapest and fastest transactions Western Union: $4.16 Billion MoneyGram: $1.02 Billion TransferWise : $4.1 Billion PayPal: $83.15 Billion Remitly: $7.8 Billion Those are only a few major, well-known western money transfer companies and there are many more if we include Chinese, Russian, Indian, and African companies. We can calculate the total value of randomly selected five well-known money transfer companies, with a rough estimate of $100 Billion. If the was a private company, the should exceed $100 billion. Bitcoin network valuation But, of course, the Bitcoin network doesn’t generate income for Bitcoin holders. But we must consider that those companies make money from foreign currency conversion. There is a spread between the rates on the TV screens and the rates you are offered by those companies. Bitcoin solves this problem too. You can anytime swap and exchange your Bitcoins with any other fiat or cryptocurrency in a democratic decentralized web environment. Another source of income for those companies is instant transfers, you probably used the Venmo app and saw the message stating that you need to wait up to 3 days or pay a fee for an instant transfer when you make a deposit to your bank account. Bitcoin doesn’t charge you for a faster transaction. It takes one or one and a half hours on the main network, and seconds on the . lightning networks Anyone with an internet connection, no matter where he/she is located, can create a and receive funds in a very short time without leaving their couch. You can be a citizen of country A and reside in country B, you don’t need local identity documents to create an account with the network. It is free and permissionless for anyone. Bitcoin wallet Lastly, let’s talk about the global economic conditions that pave the road for Bitcoin. The pandemic was the first of its kind in entire human history and left us with problems that we have never had before. We are living in interesting times since then. to keep economies floating and resurrected the inflation monster. Now central banks are raising interest rates to tame inflation. I can keep writing about all problems we currently have but I prefer to recommend readers to read Nouriel Roubini’s article . He has more credibility as an authority in economics and finance and he clearly explains the expected storm in economies. Yes, when you read the article, Bitcoin stands out more as an alternative. Central banks printed lots of money The Coming Doom Loop Now, I am thinking about how I can preserve my wealth under those conditions. I can’t buy a house because the prices almost doubled up, and I can’t buy treasury bonds or T-bills because the return is lower than inflation. I can’t buy stocks because their prices have been falling for more than a year. It is a quite hard time to decide where to store your wealth. Bitcoin stands out when I bring all the pieces together. But, we must answer some questions first; will Bitcoin's price go up during 2023? Is it the right time to buy Bitcoin? When you first hear that halving is less than a year away, you know the bull market is approaching too. If you don’t know what I mean, you should take a look at article to learn the . But, is it going to be the same again? Because the economical conditions are getting harder and household income and purchasing power are fading, I assume that individuals and institutions will have less money to invest in the current year. We already see some signs for example the collapse of two banks in the US; Signature bank and Silicon Valley Bank, and the troubled too-big-to-fail lender Credit Suisse in Europe. Bull and Bear Market cycles of Bitcoin Bitcoin stands out, yes, it is a great investment alternative and solution for the problems we have now. But the adoption is still not on the desired level. There are local enthusiasts, and communities in small experimental economies such as , and . The number of places where you can buy daily needs by paying Bitcoin is highly limited even in London, New York, Istanbul, or Moscow. You can’t buy a cup of coffee or a loaf of bread by using Bitcoin in most places. Bitcoin Town Bitcoin Beach How I see things is, Bitcoin is a highly promising startup which is already gone public at its launch with fair distribution. Masses think that the startup will eventually be successful and invest in it so the price keeps going up. But the startup still lacks turning its promises into reality. The adoption level is far from making Bitcoin a global currency. I'm not making a claim or prophesying. I am curious to see where we are heading too. Decreasing purchasing power in a shrinking economy leads to questioning the perception of money in individuals' eyes. I certainly know that we will hear unpleasant words like "high inflation" "high interest rates" "stock market crash" "Bank crash" and "Bitcoin".

Less Than a Year; Recession and Bitcoin Halving

Crypto Crash? Not Really... 

By: Kadeem Clarke, Investment Manager Team SendFriend has a strong team for many reasons. The CEO, David Lighton, has a strong background in the remittance space based on his financial inclusion work for the World Bank in Haiti and blockchain experience from MIT Media Lab paired with an understanding of the complex legal environment associated with the space. Joel Kosloski, the CTO, has 13 years of experience within the remittance space at multiple companies. Most recently, Joel served as Senior Director, Enterprise Architecture & Chief Enterprise Architect at MoneyGram (the second largest company in the payment remittances space). CRO David Anderson is leading the go-to-market efforts, having originally met David L. in class at Harvard Business School. Overall, the entire team has experience from a technology perspective in the remittance space as well as the industry in general. 2. Why Blockchain? SendFriend leverages blockchain technology to reduce the cost of global remittances for the millions of migrant workers who overpay for international money transfer as a result of friction in the banking system. Current incumbents, such as Western Union, Xoom, MoneyGram, and Remitly, all use a combination of SWIFT, correspondent banks and foreign exchange houses for international FX transfers. Instead, SendFriend uses blockchain. SendFriend sends money quicker and cheaper than its competitors. SendFriend has recently partnered with Ripple for the US-Philippines corridor, along with a partnership with Coins.ph for distribution. Blockchain offers superior speed and transparency for the processing of international payments and SendFriend will be the first US company to bring this benefit to consumers in a compliant fashion. 3. Timing Oftentimes, businesses in the blockchain space struggle with timing. If current technology is not fully developed to support their application, then the business won’t be successful. However, the timing for SendFriend is right, all of the infrastructure to conduct remittances using blockchain is already developed. 4. Other Investors SendFriend will benefit from the network effects produced by their two most notable supporters, the Barclays Accelerator powered by Techstars and Ripple. SendFriend was among 10 startups selected from over 750 applicants for the Barclays Accelerator powered by Techstars program, during which SendFriend was able to secure funding. Not only is SendFriend the only US-Philippines launch partner for Ripple’s xRapid, but Ripple is supporting SendFriend’s go-to-market efforts in the form of a $1 million incentive. 8 Decimal intends to provide SendFriend with advice, potential partnerships, and access to a wide network in the US and Asia as SendFriend’s business expands. Additionally, we will provide consultation and support for marketing and community outreach. Other notable investors include 2020 Ventures (an investor in Chain, Circle, and Ripple), Lytical Ventures, and angel investors. 5. Valuation We can’t go into too much detail about this, but the price is right. 6. Unicorn Potential In order to become a unicorn, a company must have a sustainable business model, that generates multiple streams of cash flow, operating in a large market. We firmly believe that SendFriend demonstrates these characteristics. They have a good combination of an experienced team, large $650 billion remittance market, and investors that provide more than just capital. SendFriend’s growth strategy is focused on revenue from transactions, APIs, and white-label solutions. 7. Marketing Strategy Their integrated marketing approach will reach consumers already sending money online, and consumers who currently send cash only, offline. This will be done by accessing tight-knit Filipino communities through grassroots campaigns, events, co-branding, and partnerships. 8. Competition This is a highly competitive space with longtime incumbents. However, SendFriend has built strong partnerships along its supply chain, while developing a foundation to significantly minimize friction in the system. SendFriend’s size could prove to be an asset as the incumbents will have a hard time following since they risk self-disruption and high switching costs. It is important to note that this is such a large market that there can be multiple winners. For example, 1% of just the US-PHP corridor would represent $400 million being transferred. 8 Decimal Capital: Shape the Blockchain Future | | | | Medium LinkedIn Twitter Facebook Website Email: contact@8dcapital.com if you have any more questions about this topic. 8 DECIMAL CAPITAL is a multi-strategy investment firm focusing on token and equity investments. 8 Decimal currently has more than 40 portfolio companies with an AUM of 60M USD. The investment team consists of more than 10 venture capital veterans, researchers, and trading professionals. The advisory board comprises Fan Zhang (Former Founding Partner of Sequoia Capital China), Karen Chen (Former CEO of UBS China) and Ben Bartlett (Vice Mayor of Berkeley). Based on the professional fund index ranking agency Token Metrics , 8 Decimal was ranked second out of the 51 active crypto funds. 8 Decimal is also well-received in China, named one of the top 10 funds in the blockchain industry by both 36氪（36Kr.com） , Chain Capture , and Odaily , as well as named one of the top 20 funds by Tsinghua X-Lab and Youth Education Chain League.

Investment Memo: 8 Reasons 8 Decimal Invested in SendFriend

In recent years, the introduction of modern technology has powered the rate at which our lives became globalised. Inventions that we now take for granted, such as the commercial airliner, have changed the way we see the world; bringing distant communities closer together. The arrival of the mobile phone, for example, has changed the way we communicate, dismissing distance as an obstruction. These technologies, and many more, have spurred the development of a truly global community. Borders have become more open as people from all backgrounds are free to relocate to practically anywhere. While many industries have evolved quickly in order to assist globalisation, a fundamental industry has remained outdated, and it’s a big one. Whether you’re supporting a family member who’s studying abroad; living abroad as an expat; or an employee working abroad to support a family back home; transferring money is likely to be a frequent occurrence for you. While the money transfer industry is very established, with household names such as Western Union, Lebara and TransferWise, the services available have quickly fallen behind the times. With so many providers to choose from, each offering different rates, choosing one require significant time and research. In fact, it would take you over 5 and a half hours to individually search through the 100+ money transfer providers in the UK, and by the time you’ve finally compared the often concealed rates of all the available providers the rate is likely to have changed and your son or daughter has spent the last of their money at the student nightclub and is now waiting for your transfer in order to secure a greasy breakfast. You’ll then have to send Know Your Customer (KYC) forms, and other personal info, to your chosen transfer company for review. Tied in with handling the Anti Money Laundering (AML) requirements, this could take 2–26 days to review. At which point your son/daughter has started selling their school books and living on meal deals. Combine this lengthy process with the high transfer costs, low transparency, poor customer service and frustrating an user experience, and it becomes clear just how outdated the industry truly is. So what can be done to bring the $582bn¹ industry up to speed? One UK based start-up has a convincing solution, and it’s turning the heads of users and investors across the globe. Find.Exchange, founded in 2015, has spotted the pitfalls of the current services available in the money transfer industry and have developed a convenient solution, which is evolving quickly. Founder and start-up wizard, Ricky Lee, responsible for creating ‘Revolut’ (now worth £300m), spotted an opportunity to save people time and money on their transfers. Having spotted the potential of the rapidly growing comparison market, often used for insurance and travel, Find.Exchange brought the comparison services to the money transfer industry. This has provided users with a number of advantages. Not only can users compare the rates of transfer providers in real time, they can also check the live exchange rates, compare the estimated transfer time of each provider and have KYC and AML handled by Find.Exchange, enabling users to quickly transfer with any desired provider. Users can now use Western Union in the morning, Lebara in the afternoon, and Transferwise in the evening without the hassle of having to be KYC’d by each company! The Find.Exchange solution is looking to lead the way for the future of the transfer industry. Find more information at . https://find.exchange Find.Exchange 2015 ¹ https://www.forbes.com/sites/rogeraitken/2017/01/14/remitly-shaking-up-billion-dollar-digital-remittances-market-adds-massachusetts-to-network/#5c0ef52f49b5

The $582bn Industry Thriving on Hidden Fees

We see new app ideas every single day. Our users are brilliant, talented, and very creative (not that we’re biased or anything!) and over the , we’ve seen a wide variety of apps come through our doors. Some of the best are relatively simple — they solve a problem, fulfill a need, or enhance an experience. Some are made for fun, while others are meant to serve a higher purpose, at times even ignoring revenue potential. past six years As the summer wound down, the leaves started changing, and the scent of pumpkin spice wafted gently into the air, we got to thinking about the app ideas out there that are helping people. Sure, we enjoy a good gaming app just as much as the next person, but really, some of our favorite app ideas are the ones that have some kind of impact on the world. The ones that raise awareness (or money) for . The ones that make the world just a little bit safer. social justice issues There are lots of great apps. In fact, this list could easily have dozens more, but we wanted to highlight just a few. These seven app ideas are making a real difference in the lives of those they touch. Whether that means having a global impact on underserved groups of people or simply within their user-base, these apps are doing big things. Showing off his new app idea, obviously. SwabApp from Gift of Life Most of us know we can register to be an organ donor when we get a new driver’s license. It’s easy as pie. They ask. We answer yes or no. End of story. And chances are, we’ll never even know if we’re organ donors because we will have passed on at that point. But plenty of sick people of all ages could benefit from gifts from donors — specifically, bone marrow and blood stem cells. living If you’ve ever donated blood, you’re on a list with Hoxworth or the Red Cross and they’ll call you when there’s a shortage or perhaps after a major disaster in anticipation of increased demand. They’ll set you up with a local drive in your area and book an appointment for you. Donating bone marrow and blood stem cells can be just as easy, which is why came up with an app idea they call the SwabApp. Gift of Life While blood donations are banked, bone marrow donations are set up to only be called upon when a match has been found and is in need. Gift of Life holds fundraisers to recruit donors to sign up for the bone marrow registry and SwabApp is designed to make that process easier. People can answer pre-screening questions inside the app and complete their registration. Once they’re registered, it could be months or even years before they’re called upon to donate, but if they are, the app can manage their donation appointment. We love that Gift of Life is working hard to coordinate life saving donations with those who need them the most. We know everyone is busy — it’s hard to find time for a doctor’s appointment, let alone a fundraising event — but having an app that makes registration and donation appointments easy will hopefully increase the number of people willing to sign up. Remitly In our global economy, we have people traveling to different countries in search of jobs and new opportunities. In many cases, these migrant workers leave behind families in their home countries — oftentimes living in poor conditions or just scraping by. One of the major goals behind setting off to a new land is to earn enough money to send some back home. Sending money internationally can be both risky and scary, but the makers of , understanding the anxiety behind this process, set out to fix it. Unlike traditional wire transfers, Remitly uses the latest technology to their advantage, giving senders and recipients much needed peace of mind by providing an easy, affordable, and transparent experience through their mobile app. Remitly Many migrant workers find employment in the agriculture industry. Remitly believes the brave people, who’ve left their families and homes behind, are unsung heroes delivering on their promises to take care of those they love and provide them with upward mobility, improving their quality of life. Since our world is unlikely to get “smaller” anytime soon, we think this app idea is definitely making an impact and will continue to do so for a long time in the future. FamilyWize Healthcare is costing Americans more and more every year. Premiums are increasing and the price of prescription drugs seems to be skyrocketing with no end in sight. Some companies are developing ways for people to save money, but most of them are complicated and annoying. You have to sign up for a service that puts you on an email list (that never leaves you alone) and then you have to look up coupons every single time you fill your prescription. But works in a totally different way — . All you have to do is download the app and show it to a participating pharmacy and the discount is applied at checkout. FamilyWize a much better, easier way Believe it or not, this too good to be true. Since 2005, FamilyWize has enabled over 10 million Americans to save more than $1 billion on life-saving prescription drugs, helping them to live healthier lives. They do it by aggregating large groups of patients, then advocating and negotiating for deep discounts on prescription drugs — and then passing it down completely to patients. isn’t We can’t think of an app idea making a greater impact than one that provides better access to life-saving medicine to the masses. Even the price of generic drugs is getting out of control and not all of us are fortunate enough to be on drugs included on the $4.00 Walmart list. This one is worth a download for anyone and everyone. messageLOUD We love the newest techie toys as much as anybody — we get the new phones when they come out and fill them with the coolest new apps. All of this technology can help us be more productive and enrich our lives, but even the most fundamental app ideas can end up being distracting when we’re driving. Distracted driving caused and hundreds of thousands of injuries. Try as we might, we just can’t seem to leave our phones alone when we’re operating heavy machinery. Some fancy new cars have been designed to read our texts to us and respond with our voice commands, but not all of us have access to the technology yet. 3,477 deaths in 2015 For the rest of us, we can download — an app designed to eliminate distracted driving. When the app is in DRIVEmode, all of the driver’s messages (from texts, emails, Skype, Facebook, and WhatsApp) will be read out loud so he or she doesn’t need to pick up the phone and read what’s on the screen. messageLOUD Apps like messageLOUD can prevent this dangerous situation. We think this is a great app idea and we love that you can use it when you’re working out (ACTIVEmode) and also just plain working (WORKmode). It lets you stay up to date on your messages and determine whether it’s important enough to deal with immediately or if it can wait until later. messageLOUD makes us even better multitaskers, but most importantly, it makes us safer drivers. (Note: Currently, this app is only available for Android, but is set to be released for iOS in the near future.) UNICEF Kid Power The internet has allowed our world to be much more connected than we ever were before and thanks to organizations like UNICEF (United Nations International Children’s Emergency Fund), we’re able to learn more about the circumstances through which those less fortunate than us are struggling to survive. UNICEF was founded in 1946 to help meet the needs of children in post-World War II Europe and China. A few years later, its “address the long-term needs of children and women in developing countries everywhere.” Since then, they have expanded to 192 countries, helping in any way they can. mission was adjusted to As with any successful not-for-profit, UNICEF is always looking for new ways to promote its mission and raise money for their charitable work. Understanding the power of a good app idea, UNICEF teamed up with Daylight Design to create an app called . Kids can use the app, along with a , to complete “missions to earn points and unlock therapeutic food packets for severely malnourished children around the world.” Kid Power wearable fitness band We cannot say enough good things about the potential this app idea has for making an impact on the world. Not only does it encourage kids to be more active, but it teaches children the importance of philanthropy, and if we can instill this in them at an early age, perhaps it will stick with them as they grow older, get jobs, and develop the means to donate. It’s easy for us (especially as adults) to believe we can’t do much to help someone so far away — or that the little money we can afford to give won’t really buy much of anything. But the truth of the matter is that a little bit can go a long way. If we all had that mentality, think of the change we could see in the world. UNICEF provides basic necessities like food and water to children across the globe. SaferVPN After a recent rollback of , virtual private networks (VPNs) grew in popularity as everyday consumers became fearful that their internet service provider would sell their browsing history to the highest bidder. VPNs are great in general, since we frequently need secure internet access when we’re away from home, but one company is taking this app idea to a whole new level. internet privacy rules While typically focused on marketing to the general population, the folks over at launched their Unblock The Web initiative to help foster freedom of speech and the free exchange of ideas across the world — especially in the face of censorship. SaferVPN SaferVPN is committed to making sure oppressive governments don’t achieve complete mass surveillance attempts, while protecting all users’ online activity. They launched Unblock The Web as Turkey attempted to drown dissidents and block Twitter. To combat the government’s efforts, SaferVPN gave away hundreds of free VPN accounts across their networks to ensure internet freedom. Since then, they’ve given free access to a so they could express themselves and their views safely and anonymously. Sometimes, it’s not the app idea itself that has the greatest impact, but what you choose to do with it. coalition of Bangladeshi bloggers Insight Timer It seems like there are a million meditation apps in the App Store and Google Play. Even though it’s not a novel app idea anymore, more are being made every month. Some are better than others, but it’s not hard to see that is one of the best because it’s having a pretty big impact on its users — all 2.5 million of them. In fact, Insight Timer’s users are happy with the app that they log an average of 50,000 hours of meditation a day. Insight Timer so What makes this app so different than the others is the polish they put on their entire design concept. Sure, it’s gorgeous and sleek, but we’re talking about their features, which include over 6,500 guided meditations, a customizable timer for self-guided meditations, access to more than 1,400 of the world’s best meditation teachers, and support groups where users can interact and commiserate. We love that meditation has been so en vogue lately because it can benefit anyone who tries it — even sporadically. Many people are nervous to try it or simply think it’s too new-agey for them, but app ideas as well executed as Insight Timer are bound to create some converts. And in today’s anxiety-ridden world, we think people will benefit from slowing themselves down, even if it’s only for a few minutes a couple times a week. We could all use a mental time-out today with our meditation apps. App Ideas that Serve a Greater Purpose We all want to share our new app ideas with others. That’s the point, right? We create apps that address a consumer’s pain-point and (hopefully) people download them. In a perfect world, the apps we design make a some kind of difference (even if it’s small) in users’ lives. But sometimes, we’re fortunate enough to develop an app that serves a greater purpose — like keeping families safer, helping coordinate life-saving bone marrow donations, or raising money for hungry children across the globe. At the end of the day, being a part of something greater than ourselves can help us feel good about our work. Who doesn’t want to help people? Who doesn’t want to make the world a better place? What fabulous app idea are you working on? Proto.io lets anyone build mobile app prototypes that feel real. No coding or design skills required. Bring your ideas to life quickly! Sign up for a free 15-day trial of Proto.io today and get started on your next mobile app design. What is your newest app idea? Let us know by tweeting us ! @Protoio Originally published at blog.proto.io on October 12, 2017.

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