New Survey: 15% of Americans Are Using Cryptocurrencies to Send Remittances Abroad
27 Dec 2018 10:29 AM GMT
A new study by Clover says 15% of Americans are now using cryptocurrency for their remittances abroad.
- According to a recent study by the blockchain startup Clovr, 15% of Americans now use cryptocurrencies to send money abroad.
- Aside from trying to find out what the money is used for, researches also focused on the method used to transfer the funds.
- Survey participants were asked whether they send remittance via money transfer services such as Western Union, online payment services like PayPal, traditional bank wire transfer or by newer methods such as cryptocurrency.
- While the cryptocurrency option to send money abroad is relatively new, it is now the fourth most used method used for cross-border remittances.
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