Instrumententafel Angst & Gier Bergbaubecken Geldbörsen Wörterbuch Werben Facebook Twitter Telegram Reddit Youtube
Marktkapitalisierung:
24h Vol:
Kryptowährungen: 12450
Märkte: 96130
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Marktkapitalisierung
24h Vol
12450
Kryptowährungen
55.82%
Bitcoin Aktie
cryptonews 2025-01-21 23:13:13

Davos 2025: Binance CEO Says Users Saved $1.75B in Remittance Costs

Davos 2025: Binance CEO Says Users Saved $1.75B in Remittance Costs

At the World Economic Forum in Davos on Tuesday, Binance CEO Richard Teng announced that between 2022 and 2024, the platform’s users saved $1.75 billion in remittance fees through its fee-free crypto service. Binance processed $26 billion in crypto remittances during this period, showcasing cryptocurrency’s cost-saving potential for international transactions. At DAVOS, discussing the future of crypto, institutional growth, crypto for financial inclusion, including how Binance has saved users $1.75 billion in remittance costs. pic.twitter.com/9j5xVQBDQv — Richard Teng (@_RichardTeng) January 21, 2025 Global remittances are expected to reach $913 billion in 2025, serving as a lifeline for economic migrants supporting families overseas. However, traditional remittance methods often come with high fees. The World Bank estimates average remittance fees at 6.65%, with the IMF noting that smaller transactions can incur fees as high as 15–20%. In contrast to these high costs, Binance Pay provides fee-free crypto remittances, enabling substantial savings. In 2024, Binance reported an average remittance value of $470, highlighting how users bypassed traditional banking fees and enjoyed quick transaction times. Data shared by the exchange reports over 500,000 women users were responsible for $4 billion in domestic and international crypto transfers last year, emphasizing cryptocurrency’s role in financial inclusion. Crypto’s Role for Underserved Communities Richard Teng discussed the transformative impact of cryptocurrency , particularly for underserved communities. “Crypto has the power to provide financial tools to individuals who need them most. Traditional international remittances can be prohibitively expensive, but crypto offers a fast and cost-effective alternative. For migrant workers, it’s a way to maximize their earnings and ensure their support reaches loved ones quickly,” Teng said. Beyond cost efficiency, Teng highlighted crypto’s role in emergencies. Imed, a Binance user from Algeria, shared how crypto allowed him to fund life-saving medical treatment for a child in France without delay. “The costs with fiat are not just monetary—they can be life-threatening. With crypto, I could act instantly,” said Teng. Additionally, Teng shared how Diogo Mury from Brazil used Binance Pay to distribute emergency relief during the Rio Grande do Sul floods. In such emergencies, cryptocurrency enabled swift distribution of funds for essential needs like food, water, and medicine. While the $26 billion in crypto remittances handled by Binance is small compared to the global total, Teng expressed optimism that as awareness of crypto’s potential grows, its adoption for remittances could increase. You might also like 9 Cryptos With The Lowest Transaction Fees in 2025 The post Davos 2025: Binance CEO Says Users Saved $1.75B in Remittance Costs appeared first on Cryptonews .

Meist gelesene Nachrichten



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Marktkapitalisierung
24h Vol
55.82%
Bitcoin Aktie
22
Heute Nachrichten
Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen