Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% NewsBitcoin

As Traditional Remittance Rates Soar, Crypto-Based Transfers Can Cut Costs in Africa by 90%Remittances have become a lifeline for many people in Sub-Saharan Africa, but the cost of sending money via banks and money transfer operators remains punitively high. On average, it costs 9.3% (of value transferred) to send the equivalent of $200 to the region, the highest remittance rates anywhere on the planet, according to the new ...