coingabbar.com
A blog post by Coinbase revealed that cryptocurrency transfers for international remittances cost significantly less than traditional remittance fees, which average 6.3%. Coinbase's research showed that Bitcoin averages $0.75, and sending money through BTC and ETH is 96.7% cheaper than traditional methods.
The financial landscape could be transformed by cryptocurrency adoption as over a billion people rely on remittances. Wilson Center reported that in 2022, 94.9% of remittances sent to Mexico were from U.S. senders.