Bake _Global Remittance Market14 Feb 2025 13:24
Worth a read I'd say???
'The global financial landscape is undergoing a seismic shift, and at the heart of this transformation lies the remittance industry. By 2030, the global remittances market is projected to soar to over $107 Billion, a significant leap from its $48.9 billion valuation in 2021.
A substantial portion of this market, approximately two-thirds, is anticipated to be dominated by personal remittances (payments made by everyday people).
However, the current remittance infrastructure is not equipped to handle such an uptick in demand. Traditional methods, while reliable, are sluggish, costly, and inaccessible to a huge segment of the global populace.
This is where cryptocurrencies come in as the modern-day solution to the age-old problem of sending money abroad.'
https://blog.bake.io/crypto-remittances/