Crypto Council for Innovation’s Post

CCI Analysis 🌐 With the global remittance market valued at $630 billion, crypto is transforming how money is sent across borders, making transfers faster, cheaper, and more transparent. ◾ Remittance fees average 6%, with traditional banks charging up to 12%, while crypto platforms like Bitso offer rates as low as 1%, processing $3.3 billion from the US to Mexico in 2023 alone. ◾ Blockchain technology ensures secure, decentralized, and transparent transfers, enabling cross-border payments without intermediaries, reducing transaction times to just a few hours. ◾ Innovative programs, like the United Nations partnership with Stellar in Ukraine, are using crypto to provide financial aid, highlighting its growing role in international remittances. Read more 👇 https://lnkd.in/eBzkwxRK

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