Reviving Remittances: Targeted Solutions to Beat High Fees with Blockchain

Reviving Remittances: Targeted Solutions to Beat High Fees with Blockchain

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The post Reviving Remittances: Targeted Solutions to Beat High Fees with Blockchain appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

After two decades of growth that saw remittance flows to low and middle-income countries (LMICs) reach a record high of $548 billion in 2019, the World Bank now forecasts significant declines.  As a result of the COVID-19 pandemic, remittances to LMICs are projected to fall to $470 billion by 2021, a 14% drop over two …

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