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Erik
@eriks
gm rgs ☕️ study this:
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lawrenceroman.eth
@lawrenceroman
The global remittance market represents one of the strongest use cases for cryptocurrency, with nearly $1 trillion spent annually. This burden primarily falls on low-income individuals. “In 2023, the top five recipient countries for remittances inflows among LMICs in current USD were India (120 billion), Mexico (66 billion), China (50 billion), the Philippines(39 billion), and Pakistan (27 billion)(ibid.).”
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Erik
@eriks
💯 incentives will drive it onchain w time
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lawrenceroman.eth
@lawrenceroman
💯 As a Gen X, I find it fascinating how difficult it is for consumer behavior to change with age. The forecast growth of remittances for 2025 despite significant advancements in crypto, suggests that most people remain focused on immediate, familiar solutions rather than exploring broader possibilities while wasting precious money. Earlier this year, we made an international payment using USDC and sending on Matic. The response was pretty funny, at first, there was confusion on their end, but it quickly turned to excitement once they realized they could use it for all their international transactions 😂😎
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