Remittance infrastructure refers to the systems and networks that facilitate the sending of money by individuals to recipients in other countries. This traditionally involves banks, money transfer operators, and their associated payment rails. Digital assets and blockchain technology are increasingly offering alternative, often more efficient, solutions for this infrastructure. These new systems aim to reduce costs and transaction times.
Context
The remittance infrastructure is undergoing significant disruption dueiven the rise of blockchain-based payment solutions. A key discussion centers on the cost-effectiveness and speed of digital asset remittances compared to conventional methods. Future developments will likely involve increased adoption of digital currencies for cross-border payments, enhancing financial inclusion.
Deploying a proprietary stablecoin on a high-throughput public ledger fundamentally re-architects cross-border settlement, reducing capital lockup and intermediation costs for the 100M+ customer base.
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