4 ms·
Here's a simple one: Remittance fees take a non-zero percentage of a developing nations GDP. [1] "The World Bank estimates that globally US$16 billion can be sa
by Drblessing 4y ago
Here's a simple one: Remittance fees take a non-zero percentage of a developing nations GDP. [1] "The World Bank estimates that globally US$16 billion can be saved annually if remittance costs were reduced by a mere five percentage points." Regardless if the solution utilizes a blockchain or a cryptocurrency, you can agree that there is a problem, and ideally we could get remittance fees down to 0 or near 0.
[1] https://www.lowyinstitute.org/the-interpreter/bang-buck-getting-most-out-pacific-islander-remittances https://www.lowyinstitute.org/the-interpreter/bang-buck-gett...
- influxmoment 4y agoyea bitcoin solved that and had nothing to do with the crypto movement or web3