There was a time when cross-border remittance was expected to be bitcoin’s killer app. It was a simple equation: the global remittance market is huge, and the (often poor) people sending money to friends and family across borders pay high transaction fees that could (in theory) be reduced with bitcoin transactions. And yet, years later, the giants of the remittance market are far from slain, despite the average fees of 7.5%, and the growing crisis of bank “de-risking” – strategically refusing to process transfers to or from regions considered to present a high risk of money laundering, terrorism or other illegal activities. Read more: Coindesk.com
