“According to the World Bank, countries in Sub-Saharan Africa will receive 44 billion euros in remittance this year alone, which makes it one of the largest sources of income, far exceeding foreign aid.  Popular money transfer agents like Western Union or MoneyGram handle a large part of these transactions to African countries. Yet their fees for sending money are outrageously high: an average of 12.4 percent.  Techies believe that Bitcoin might be just what these migrants are looking for. Sending Bitcoin across borders and exchanging to and from the cryptocurrency is practically free of charge, and it doesn’t require the interference of any bank or government.”

http://www.rnw.nl/africa/article/hello-bitcoin-goodbye-western-union-future-remittance-could-be-digital

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