Is cryptocurrency an effective replacement for remittances? No, at least not yet.
Crypto remittances are a lifeline for the world’s most vulnerable
Crypto has already revolutionized remittances in unstable, conflict-ridden places. Afghanistan presents a textbook use case for cryptocurrencies in failed states.
Kenya’s Wapi Pay raises $2.2M pre-seed for cross-border payments between Africa and Asia
According to the World Bank, it is more expensive to send money to sub-Saharan African than to any region in the world. It is also the most expensive region to send money from. In Q1 2020, people spent an average of 8.9% to send money to the region, much higher than the global average of […]