Blockchain-based Payments to Boost Cross-Border Remittance

  • With their vast network, these services enable people to transfer money even in remote areas where there could little to no internet access.
  • Various intermediaries are involved in the payment process, which adds to the cost and time taken to complete the money transfer.
  • While the technology has the potential to revolutionize the remittance industry, it is no far to certain roadblocks.

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