Binance Pay handles $26 billion in no-cost crypto transfers as part of its growth strategy for the $913 billion international remittance market. Binance Pay users saved money by transferring $470 instead of paying 6.65-20% fees in 2024.
Financial Inclusion Achievement
Through crypto transactions over $4 billion more than 500,000 women demonstrated how crypto empowers equal participation in financial services. The platform proves that cryptocurrency technology can help extend financial services to people worldwide.
Cost-Saving Benefits
Binance‘s crypto-based solution saves users money because it removes all fees from small transfers whereas traditional remittance services charge 15% to 20%. Migrant workers and people with low incomes now receive better value from sending money abroad thanks to this new system.
Impact on Global Remittances
By making money transfers easier with crypto Binance proves how cryptocurrency helps resolve everyday financial problems and saves people money compared to common payment systems.
