Remittances are a huge part of the global economy but traditional money transfer services can be slow and expensive. Bitcoin offers a faster and more cost effective alternative. Could bitcoin disrupt the remittance industry and become the go to solution for cross border payments?
has bitcoin not yet done that? a lot of people already use bitcoin when transacting with one another most especially when the transactions go from another country to another country if they had used centralized banks it would have taken days and would have cut a huge amount off of the money being sent
What are the potential for bitcoin to change the way we send money internationally and what barriers still stand in the way of its widespread adoption for remittances?
the barrier is lack of awareness that you can do this and more efficiently with bitcoin which is why not a lot of people are using bitcoin this way yet