Definition ∞ Digital remittances are funds transferred across national borders using digital channels rather than traditional physical methods. These transfers leverage various online platforms and technologies to facilitate the movement of money internationally. They aim to provide faster and more cost-effective cross-border payment solutions.
Context ∞ The growing adoption of digital remittances is significantly impacting global financial flows, particularly in developing economies. Discussions often revolve around the role of blockchain technology and stablecoins in further reducing transaction costs and increasing the speed and accessibility of these transfers for individuals and businesses worldwide.
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