Tag: foreign workers

The global remittance market is a crucial financial lifeline for millions, providing an essential flow of funds from migrant workers back to their families in their home countries. In recent years, cryptocurrency has emerged as a transformative solution that can potentially reshape the remittance landscape, making cross-border money transfers faster, cheaper, and more accessible. Lowering Transaction Costs with Cryptocurrency One of the most significant pain points of traditional remittances is the high cost of sending money across borders. Cryptocurrency transactions bypass traditional financial intermediaries, reducing the fees associated with remittances. Blockchain...