This past Friday, June 16, 2017, SolidTrust Pay is proud to announce that we joined 90 other leading payment processors and online money transfer operators in recognizing the International Day of Family Remittances (IDFR) and signing the IMTC pledge to work together to enhance innovative financial technology, provide greater efficiency and lower costs for a more accessible financial sector to all.
We chose to show our support by making all member-to-member transactions completely free on that day! Below are the results, which we’ve decided to share publicly to inspire and encourage others in our industry to act.
On June 16, 2017, $10,116.62 was sent through SolidTrust Pay in a total of 122 transfers to/from 39 different countries without paying a single cent in fees! The majority of the transfers were made from the UK, Canada, the US, Pakistan and Japan and among the top receiving countries were Serbia and Singapore.
We’re pleased with the results of our first participation event in the IDFR, and we look forward to making an even bigger contribution next year!
SolidTrust Pay has been offering Bitcoin services for over 3 years, allowing users to easily turn bitcoin into their preferred currency and back again since the early days of the blockchain-based cryptocurrency. Many members use SolidTrust Pay exclusively to buy or sell bitcoin because we offer competitive rates and we’re known for our high levels of security and reliability. Additionally, SolidTrust Pay is one of the most functional online platforms in terms of money deposits, transfers, exchanges, purchases and withdrawals, giving users a multitude of options for buying or selling bitcoin.
SolidTrust Pay is pleased to announce that it is now free for merchants to upgrade their business accounts to accept bitcoin. This means merchants and business account holders can now apply completely free and offer their customers one more option to easily make payments for website purchases at the press of a button using bitcoin!
We’re excited to make this option easier for our merchants to take advantage of. Here are just a few of the benefits to having a Bitcoin payment button on your business/ecommerce website:
- More options for your customers: the more ways you offer people to pay for your products or services, the more people will do so! Offer them as many options as possible.
- More exposure and visibility: the Bitcoin community is tight-knit. When a business begins to offer the option to pay in bitcoin, word tends to travel fast!
- Simple and seamless integration: since payments made via a Bitcoin payment button will be applied to your STPay account as USD, there is no time wasted with extra steps for exchanging the currency and withdrawing those funds.
If you already have a merchant account with us, you can apply for a Bitcoin payment button by selecting the “Accept Bitcoins” option in your Merchant Section. If you don’t have a merchant account, what are you waiting for? Sign up and start accepting bitcoin payments now!
SolidTrust Pay plays an integral role in the global money transfer and fin-tech industries. Many of our members use our services to conduct business around the world because we offer some of the best rates and services online. But many of our users also use our services to transfer monies to their families back home — these are called remittances.
On June 16th, we are proud to announce we will be showing our support for the International Day of Family Remittances, as well as our dedication to improving both the lives of our users and the many different countries from which they come.
For a full 24 hours, from 9:00am EST on June 16 to 8:59am EST on June 17, member-to-member transactions will be entirely free! That means you won’t pay a single cent in fees for any transactions between your friends, family or associates. This does not apply to merchant website purchases. Users must be 18 or older in order to create an account, and accounts are restricted to a $250 daily transaction limit until fully verified.
Sign up for a SolidTrust Pay account now and get yourself verified by June 16th to take full advantage of this event!
Our hope is that this will help the people who use our services to support their families back home. We want to see them get ahead right at the start of summer as we head into the growing season for many countries. We want our users to be as successful as possible. Because when one of us grows, we all grow.
So, in solidarity with the International Fund for Agricultural Development (IFAD), we hereby declare that we fully endorse and support the following pledge:
To all IFAD’s Member States,
We, SolidTrust Pay, fully endorse the International Day of Family Remittances (IDFR).
The IDFR was unanimously proclaimed by all 176 IFAD Member States at its Governing Council in February 2015. In December 2016, the General Assembly of the United Nations took note of this proclamation.
June 16 is officially designated as International Day of Family Remittances. The day aims to recognize, and to raise global awareness of the fundamental contribution made by migrant workers to the wellbeing of their families and communities back home, and to the sustainable development of their countries of origin.
Remittances represent one the largest single financial forces for good on the planet. At $445 billion to developing countries, the money sent home annually by migrant workers dwarfs international aid and, in some instances, foreign direct investment too. Remittances also promote financial inclusion and disproportionately benefit both the poor and women in emerging markets. Hundreds of millions of families globally rely on these money flows to keep food on the table and a roof over their heads, and to provide education and better opportunities for the future.
Today is a celebration of the hard work, sacrifice and generosity of international migrant workers. As stakeholders in the remittance industry, we pledge to work together to enhance innovative financial technology, provide greater efficiency and lower the cost for a more accessible financial sector to all in order to enable poor people to control their financial life and to be agents of change.
We call upon governments, regulators, financial institutions and development actors to join forces towards this great achievement.
We are committed to celebrating the power of remittances with people throughout the world.
Happy International Day of Family Remittances
**If you use our services to send family remittances and would like to have your story published on June 16th, please send a message to [email protected]!**
Interested in a career in app development? Apple just made it that much easier to get into! Last Wednesday Apple announced the launch of their app development curriculum for high school and community college students.
Designed by Apple engineers and educators to teach students how to design apps using the iPhone maker’s Swift programming language, the full-year curriculum is available as a free download in Apple’s iBooks store. Many apps you probably use often, such as Airbnb and Yelp, were built using Swift.
According to Apple, “students will learn to code and design fully functional apps, gaining critical job skills in software development and information technology.”
“We’ve seen firsthand the impact that coding has on individuals and the US economy as a whole. The app economy and software development are among the fastest-growing job sectors in America and we’re thrilled to be providing educators and students with the tools to learn coding,” said Tim Cook, Apple’s CEO.
Beginning this fall, six community college systems and select high schools across the U.S. will be among the first to offer the curriculum, including Alabama Community College System, Columbus State Community College, Harrisburg Area Community College, Houston Community College, Mesa Community College and San Mateo Community College District.
In a statement, Apple CEO Tim Cook said “the app economy and software development are among the fastest-growing job sectors in America. We hope these courses will open doors for people of all ages and backgrounds to pursue what they love.”