How Cryptocurrencies Are Shaking Up Remittances In Developing Countries

The COVID-19 pandemic caused a shift in how remittances flowed around the world, no more so than in developing countries. This coupled with the existing pull towards cryptocurrency has changed the face of the remittance industry in these nations, writes Kate Anderson. Q4 2021 hedge fund letters, conferences and more Global remittances fell in the face of COVID-19-induced lockdowns. But much like other financial services, the sector had to adapt to ensure a steady flow of remittances, resulting in a decline that was much smaller than previously projected. Low- and middle-income countries receiv…

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