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How USDC and Blockchain Are Revolutionizing Remittances for Real People
How USDC and Blockchain Are Revolutionizing Remittances for Real People
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USDC News -
Cryptocurrency's utility extends far beyond speculative trading and digital collectibles. In low-income countries, remittances sent via blockchain technology are transforming cross-border transactions. Workers abroad now leverage stablecoins like USDC to bypass traditional transfer fees of 5-10% and multi-day processing times.
The Immutable efficiency of distributed ledgers enables near-instant settlements at a fraction of legacy costs. Recipients retain custody of funds, converting only what's needed for daily expenses—a stark contrast to the all-or-nothing approach of conventional wire transfers. This pragmatic adoption underscores crypto's growing role in solving real-world financial friction.
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