FAQ?

Is cryptocurrency a good alternative for remittances?

Cryptocurrencies offer a great alternative for people who send and receive remittances since cryptocurrency networks charge meager transactional fees as compared with traditional wire transfers and cryptocurrencies can allow transactions to be completed in a matter of minutes instead of days.

What are crypto remittances and how do they work in Afghanistan?

Cryptocurrency remittances are a lifeline for Afghans after the abrupt U.S. withdrawal led to Western Union temporarily ceasing operations and banks in the country severely limiting withdrawals.

Should regulators in remittance source countries turn their sights on crypto?

As regulators in remittance source countries like the U.S. and U.K. turn their sights on crypto, they should remember how indispensable those currencies are to some of the world’s most vulnerable people.

Are cryptoasset-based solutions for sending remittances emerging in Latin America?

And yet, according to AMI’s upcoming cryptocurrency report, some cryptoasset-based solutions for sending remittances have emerged in Latin America, using layer 2 protocols like Lightning Network. This is the case with the Chivo wallet in El Salvador. However, this mechanism is also not without its challenges.