Getting rid of remittance fees with blockchain | The Great Disruption Ep. 08

Did you know that average global transactions cost up to 6.5% in remittance fees? This can even go up to 20% for certain countries. Some developing nations pay up to US$600 billion in remittances every year.

Could blockchain offer a better option for cross-border transactions? Find out in this Forkast video explainer. 

What you’ll learn:

• How Bitcoin introduced the first peer-to-peer financial system without intermediaries.
• Which blockchain networks are offering cross-border payments for sub-penny fees in a matter of seconds.
• How asset-agnostic blockchain protocols introduce trustless ways to exchange value.
• How migrant workers could save up to 20% on international transactions by using blockchain.