Cryptocurrencies are transforming the global remittance industry by offering a faster, cheaper alternative to traditional money transfer services. Traditional remittance methods often involve high fees and slow transaction times, particularly for international transfers. Cryptocurrencies, such as Bitcoin and Ripple, bypass these conventional systems by leveraging blockchain technology to facilitate peer-to-peer transactions without the need for intermediaries. This innovation not only reduces transfer costs significantly but also speeds up the process, allowing funds to be transferred across borders in minutes rather than days.