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June 2018

Transforming Global Remittances with Distributed Ledger Technology and Interledger Protocol

Dilip Rao's picture
While many humanitarian issues need to be addressed with respect to international migrants and refugees, the cost of global remittances, which may support entire families in low and middle income countries, continues to be a topic of debate. According to the latest Knomad Migration & Development Brief, the global average cost of sending $200 was 7.1% in the first quarter of 2018 ($14.20 per payment).