Bitcoin Remains Cheapest Cross-Border Money Transfer Solution Despite Reduced Remittance Fees
Even though remittance fees around the world are lower than before, Bitcoin is still the cheapest solution to send money across borders today. The article tries to elaborate this point through world bank's recent report and Bitcoin's growing adoption rate at the other end. Bitcoin is often touted as the long-awaited answer to expensive remittance solutions, such as Western Union and MoneyGram. Sending money overseas is a very costly manner, even when using bank transfers, But a recent report published by The World Bank shows how remittance transfer fees have started to decrease slowly....
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