cryptonews
2023-04-05 12:20:00

Experts Predict Crypto Will Save Americans Billions in Remittance Fees Every Year – Here's What You Need to Know

Crypto could save Americans billions of dollars in costs related to remittance payments to places like Asia and Latin America, data compiled by Coinbase shows. According to a blog post published by Coinbase this week, Americans spend more than $12 billion a year on fees alone related to remittances. The remittance payments were described as a “vital lifeline for underbanked communities,” but could have been done both faster and much cheaper if crypto was used, Coinbase said.... Read More: Experts Predict Crypto Will Save Americans Billions in Remittance Fees Every Year – Here's What You Need to Know

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.