A graph of inbound and outbound remittances corresponding to each jurisdiction, as well as its respective cryptocurrency ownership percentage in 2020-2021, is shown in Figure 1.
Figure 1. Assessing Crypto Currency as an Emerging, Viable Means of Remittance.
*Note: Considering 214 global jurisdictions, the top 20 global jurisdictions, i.e. those whose respective inbound and outbound remittances had the greatest net differential, are displayed in Figure 1, i.e. P = 20/214.
Sources:
Overall, cryptocurrency remittances are an emergent means of international exchange, as users in a variety of jurisdictions throughout the globe continue to build upon the existing network effect. Likewise, where traditional means of international monetary exchange have their shortcomings, we can expect cryptocurrency remittances to continue to gain support burgeoning and competitive market force.
Comments