Blockchain technology may help streamline the flow of $550 billion dollars this year

Fintech Beat, Ep. 24

Posted October 22, 2019 at 4:00am

Remittances are poised to grow to $550 billion this year, making them the single biggest source of external funding for recipient economies, according to the World Economic Forum. More money is pumped into developing countries this way than by direct investment. But it’s often costly and inefficient. Fintech, specifically blockchain technology, may be able to help.

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