Crypto significantly reduces the cost and time of international money transfers, helping migrant workers send more money home to their families.
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Exploring how cryptocurrency is breaking down traditional financial barriers and creating opportunities for the unbanked population.
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Similar ideas to Remittance Revolution
Remote workers save money by avoiding the expenses that come with a traditional office and can choose the best people for their team regardless of their location. They get to enjoy more flexibility, get rid of daily commutes, and spend more time at home with their families.
Migrant families avoid explicit disagreement and signal concerns in subtle ways.
For instance, if they lack money, they may relate a story of their father's visit to the doctor and include a quote from him lamenting that he cannot afford his new prescription.
Offshore bank accounts are mostly funded electronically through international wire transfers. The systems that enable free electronic transfers common in domestic banking are typically not able to transfer money internationally.
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