How LemFi and BVNK Use Stablecoins to Cut Remittance Costs
LemFi is moving its cross-border settlement onto BVNK's regulated stablecoin rails to cut remittance costs and settlement times, with customers still sending and receiving in local currency. The firms cite average global remittance fees of 6.36%, more than double the UN's 3% target, and stablecoin payment volumes of about $7.4 trillion a year.
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