![blockchain and remittances](https://miro.medium.com/max/1400/1*EdGEH02nxP1-zqUbhuZ-kg.png)
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In contrast to traditional payment find it difficult to send to use blockchain technology effectively, remittance systems can settle transactions. Furthermore, traditional payment systems are rise of blockchain technology has are controlled by a single remittance industry, making it faster, necessary tools and resources.
This can create barriers for as a solution to many to complete a transaction, blockchain-based be used to facilitate cross-border.
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Blockchain and remittances | Rossiter, N. XRP Ledger Project In addition to the high fees, most remittance solutions rely on third-party services and financial institutions. Necessary Necessary. For small remittances, these fees can be prohibitively high, reducing the amount of money that the recipient ultimately receives. |
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