• Home
  • Telcoin (TEL)
    • Ambassadors
    • Buy Telcoin
    • Telcoin Wallet
    • Exchanges
    • Newsletters
    • Telcoin Articles
    • New Smart Contract FAQ
    • Whitepaper
  • Sedo.na
  • Partners
  • Wallet
    •   App Store
    •   Google Play
  • News
  • Infographics
  • Gallery
  • Communities
    • Official Telcoin Telegram
    • Telcoin Announcements
    • Unofficial Trader Chat
  • Search
  •  About
  • Contribute
  • Buy Telcoin
  • Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to secondary navigation
  • Skip to primary sidebar
  • Skip to footer

Before Header

Telcoin wallet:
App Store
Google Play

telfam logo

  • Home
  • Telcoin (TEL)
    • Ambassadors
    • Buy Telcoin
    • Telcoin Wallet
    • Exchanges
    • Newsletters
    • Telcoin Articles
    • New Smart Contract FAQ
    • Whitepaper
  • Sedo.na
  • Partners
  • Wallet
    •   App Store
    •   Google Play
  • News
  • Infographics
  • Gallery
  • Communities
    • Official Telcoin Telegram
    • Telcoin Announcements
    • Unofficial Trader Chat
  • Search
telfam bg

The COVID-19 pandemic exposes cracks in remittance industry, opportunities for crypto

You are here: Home / Telcoin Articles / The COVID-19 pandemic exposes cracks in remittance industry, opportunities for crypto

April 26, 2020 //  by Telfam

telcoin remittance company

Cheaper, faster, and more reliable digital remittances are needed now more than ever. Telcoin checks all the boxes while providing an easy onramp to the blockchain economy. The bilateral remittance industry is fraught with slow, expensive, archaic incumbent products that force consumers to stand in long lines and use physical cash. For some countries, inbound remittances make up over 20 percent of GDP while the average cost of transfer is 7.5 percent. This translates to remittance fees accounting for up to 1.5 percent of GDP. Comparatively, this means there are literally countries where the cost to GDP of current remittance services is half of the -3 percent the IMF projects global growth will fall in 2020. read more

Category: Remittances, Telcoin Articles

Previous Post: «telcoin remittances africa Ripe for disruption: Sub-Saharan Africa’s outrageously expensive remittance corridors
Next Post: Telcoin Starts Beta Testing between Canada and Philippines breaking news telcoin beta started»

Primary Sidebar

 

Download Today!

telcoin mobile wallet

Ledger Nano X - The secure hardware wallet

Footer

logo footer

Telfam.com was created to help potential investors learn more about Telcoin. It is our mission to get the word out to the masses. Tel your family, Tel your friends, Tel the WORLD!

Quick Links

 Telcoin Info
 Telcoin Wallet
 Exchanges
 Telfam Gallery
 Newsletters
 Opinion Articles
 Partners
 News

Connect with Telcoin

            

Telcoin Wallet

Telcoin Wallet on App Store Telcoin Wallet on Google Play Store

  •  About
  • Contribute
  • Buy Telcoin

Copyright © 2023 telfam.com · Telcoin is All Rights Reserved
Disclaimer · Telfam.com is an un-official Telcoin fan website and is NOT affiliated with Telcoin Pte. Ltd. - $TEL - Telco.in.
We're NOT offering, or encouraging the purchase, sale, or trade of any security or commodity.
Telfam.com is an educational resource only for those wanting to know more about Telcoin.