From Flying Money to Blockchain: How Remittance Industry Has Reached Turning Point

From the simple barter system of ages past to the sophisticated technological systems of modern day money transfer, the remittance industry remains a significant aspect of the global economic ecosystem.

One of the primary characteristics that qualify a good medium of exchange is transportability. This involves how effective it is to transfer money from a given location to another.

Over the years, as money and its associated technologies have evolved, so have the systems by which they are transferred.

Emerging technologies have gradually but steadily opened up new ways for financial services to reach previously unreachable populations of the world.

Full story at http://bit.ly/2tFs0zR

Source: CoinTelegraph

 

 

 

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