“The growing need to create a method that would make possible quick and inexpensive transfers of money to any part of the world makes both small players and whales of the financial world look for new solutions”
Worldwide in 2018, 2 billion of people are unbanked and are suffering from high remittances cost to send money internationally from the existing providers.
However, the cryptocurrency is more and more helping these unbanked through different projects. Bitspark is running through cryptocurrency and in partnership with the UNDP a test in Tajikistan to develop cash in cash out international remittance without banks.
Bitspark is also good example of this where the Ghana and Nigeria rates are often more competitive than the typical remittance providers one may use.