Zero-fee remittances refer to the transfer of money across international borders without incurring any transaction charges. This is often enabled by blockchain technology, which can bypass traditional banking intermediaries and their associated costs. Such services aim to provide more affordable and accessible financial transfers for individuals and businesses globally. They represent a significant disruption to conventional money transfer services.
Context
Zero-fee remittances are a compelling application of blockchain technology, addressing a long-standing challenge in global finance. Discussions often center on the sustainability of such models and the regulatory landscape for cross-border digital asset transfers. Future developments will likely involve wider adoption in developing economies and increased competition with traditional remittance providers.
The Polygon integration establishes a low-cost, high-throughput settlement rail, optimizing capital efficiency and global transfer latency for the fintech's 20M+ users.
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