Bitcoin is Fast Substituting Traditional Payment Solution in Remittance Market

By July 4, 2015Bitcoin Business

Though remittances is expected to grow slow sharply in 2015, as Europe and Russia stay weak, there is still a huge market out there that is waiting for cheap and easy as well as fast international transfer of money. Total remittances in 2014 reached $583 billion which is more than double the official development assistance (ODA) in the world.

Whereas India received $70 billion, Chinese were able to send $64 billion back home. Another major […]

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