tldr; African migrants are using Bitcoin and cryptocurrencies to send money to relatives back home, according to a report by Chainalysis. The report also shows that Sub-Saharan Africa is the most expensive region to send funds to, with an average cost of 7.8% per $200 sent. The average global transaction costs are far higher than the Sustainable Development Goal (SDG) target of 3%.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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