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.