10% of MoneyGram’s US-Mexico Business is Crypto-Enabled

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We asked for more context on the soundbyte statistic. An estimate by the World Bank pegged 2016’s global remittance market at $573 billion, and a whopping $422 billion of that went to developing countries.The simple act of transferring money from one country to another — more formally known as remittance — is one economic heavyweight of a market, yet blockchain technology is poised to change its operations anyway. Already well-suited for securely transferring units of value around the world, the same technology that powers Bitcoin holds great implications for the world’s remittance businesses.Ripple is among the most relevant companies for…
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10% of MoneyGram’s US-Mexico Business is Crypto-Enabled

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