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Tuesday

24 November 2020

Crypto cross-border payments, explained

Crypto cross-border payments, explained


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It’s cheaper and faster… and could also help clamp down on money laundering.

All of this can help clamp down on money laundering and terrorist financing, two areas of concern for regulators.

One crucial benefit that cryptocurrencies can offer is unlocking access to financial services for the unbanked. Research suggests that 80% of consumers in sub-Saharan Africa fall into this category — and worldwide, a total of 1.7 billion people don’t have a bank account.

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cointelegraph.com
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