PANews reported on August 20 that according to a Keyrock report, the cost of a $200 cross-border remittance by traditional banks is approximately 12.66%, MTOs (remittance operators) is approximately 5.35%,PANews reported on August 20 that according to a Keyrock report, the cost of a $200 cross-border remittance by traditional banks is approximately 12.66%, MTOs (remittance operators) is approximately 5.35%,
Report: Stablecoins can reduce cross-border remittance costs to less than 1%
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PANews reported on August 20 that according to a Keyrock report, the cost of a $200 cross-border remittance by traditional banks is approximately 12.66%, MTOs (remittance operators) is approximately 5.35%, and mobile operators are approximately 3.87%. However, stablecoin platforms can reduce the cost of similar transfers to below 1%, significantly improving the efficiency of capital circulation.
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