Velo Labs, a leading blockchain infrastructure company, and iRemit, the largest Filipino-owned, non-bank remittance service provider, have partnered to provide individuals and businesses access to improved cross-border payments using blockchain technology and Velo Digital Credits. An estimated 34 billion USD in remittances arrive into the Philippines each year and are currently subject to high fees, costly delays, and a complex web of intermediaries – all of which destroy economic value and hurt individuals reliant on cross-border payments. Velo Labs,...