The remittance attention seems to be developed for intrusion interjection to blockchain technology. But a new news from Equities Research shows that not all is rosy. There are some stipulations to take into comment for companies traffic with Bitcoin, though other distributed ledger-based companies might transport better.
Blockchain in Remittance Remains Iffy
Various Fintech companies are eyeing a remittance industry, as this zone is disposed to disruption. More secure solutions, during a reduce cost for sender and receiver, are value exploring. Interestingly enough, scarcely all of these Fintech solutions are regulating distributed bill record to grasp their goal.
Among a Bitcoin companies exploring this attention are Abra and BitPesa, who built remittance solutions on tip of blockchain technology. Ripple is an active contended in this field, despite they use their possess discharge bill to grasp transfers. In fact, their record has been trialed by Santander bank progressing in 2016.
But there are still some drawbacks to regulating Bitcoin in a remittance industry. Unlike what many people might wish to believe, Bitcoin is not a cheapest resolution compared to offerings such as Xoom, Western Union, and Azimo. That being said, there are rival prices to be found, even