Crypto remittances offer cheaper alternative, but still face challenges to adoption By Cointelegraph

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As the cryptocurrency market moves sideways and amid a deepening stablecoin exodus, the sector remains a vital lifeline for many sending money to loved ones while dodging extremely high fees that can be life-changing over time.

Cryptocurrency remittances have been seeing their adoption grow, and the low volatility seen in the space over the last few months might just be the silver lining that encourages more people to transition from mere spectators to active users, harnessing the true potential of this financial avenue.

Money from family members plays a critical role in developing countries. Source: Global Findex Database 2021
Top remittance recipient countries in millions of dollars in 2022. Source: World Bank and Knomad