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"They share our vision to transform the remittance industry and have a very successful track record in financial services," explains Oppenheimer.
Elsewhere, a U.S. CEO of a payments provider I caught up with in London earlier this year as the company launched new payment corridors to the UK and the Philippines, provided some thoughts as to whether Bitcoin and other cryptocurrencies could transform the remittance industry.
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The increased flow of remittances and visitors could transform the daily lives of many Cubans.
Such a transfer platform would help transform the fate of developing countries like Nigeria which are ranked the fifth highest in the world and first in Africa, when it comes to sending money back home, and thus depend largely on remittance to further their economic growth.
They can transform the world.
First, they suggest, blockchain technology could transform remittances, the largest flow of funds into the developing world; transfers could take place in an hour rather than a week, and with greatly reduced commission.
And because they send their excess earnings back home – remittances have transformed the opportunities of millions of poor people in the past two decades.
Night transforms the place.
It transformed the debate.
It transforms the energy marketplace.
Transforming the BBC.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com