Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's Role in Global Remittances: Can it Disrupt Traditional Money Transfers
by
FortuneFollower
on 24/01/2025, 12:51:27 UTC
Is it not already disrupting the global remittance market?

Sending remittances through an intermediary is a costly affair. Very often banks charge a commission which is a huge sum of money in terms of its monetary value. Bitcoin can surely disrupt this entire market with ease. However, more education and awareness is necessary here.

This is one of the reasons why banks do not like Bitcoin at all. Because here you control your own money and you choose what to do with that. So Bitcoin should dominate the financial and global remittance market.

It should be an alternative, imo.
Once it would be seen (and already is, to some degree) as a power that accumulates said dominance, it would not be taken lightly..