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Money transfer operators – DIGIT INFO https://www.digit.info Bookmarking Crypto Insights Tue, 23 Apr 2019 09:30:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.digit.info/wp-content/uploads/2024/07/cropped-61589-32x32.png Money transfer operators – DIGIT INFO https://www.digit.info 32 32 Crypto-Based Transfers Can Cut Remittance Costs in Africa by 90% https://www.digit.info/crypto-based-transfers-can-cut-remittance-costs-in-africa-by-90/ Tue, 23 Apr 2019 09:30:57 +0000 https://www.digit.info/2019/04/23/crypto-based-transfers-can-cut-remittance-costs-in-africa-by-90/ Read more]]>

As Traditional Remittance Rates Soar, Crypto-Based Transfers Can Cut Costs in Africa by 90%Remittances have become a lifeline for many people in Sub-Saharan Africa, but the cost of sending money via banks and money transfer operators remains punitively high. On average, it costs 9.3% (of value transferred) to send the equivalent of $200 to the region, the highest remittance rates anywhere on the planet, according to the new […]

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