Online money transfer service WorldRemit has launched in Hawaii, where consumers can send funds via the WorldRemit app or website.
Close to 120,000 Hawaiians were born in the Philippines, where remittances account for more than 10 per cent of GDP. The company expects a healthy flow of funds being sent from Hawaii to the Philippines through the platform.
Tony Zerucha is managing editor of Bankless Times. "The evolution of the crowdfunding and peer-to-peer lending scenes is absolutely fascinating to chronicle. It is a joy to be around people with such passion and vision."