FX inflows (Loro remittances)
FX remittance is an instrument used in international payment operations. It enables clients to settle and collect commitments to or from their international partners related to imported or exported goods. FX remittance, as an international payment instrument, may also be used for transfers related to performed services, and various transfers related to public and private sector.
A prerequisite for receiving a Loro remittance through CKB is to have an FX account established with CKB.
FX inflows are intended for small and medium-sized enterprises that need to perform money transactions with foreign business partners quickly and easily.
- Facilitating payments between partners internationally where there is mutual trust
- Simple way to perform international payments
- Extremely inexpensive way to receive money from abroad