Everex Helps Migrant Workers Send Remittance Back to Myanmar via Ethereum

[kreslik.news]

Over 100 migrant workers have transferred money instantly over blockchain to their families back in Myanmar over the last months as part of a successful pilot test for Everex. Offering an Ethereum-based mobile payments service, the company aims to give financial access to the world’s huge ‘Bottom of the Pyramid’ (BOP) population.

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Overall, Everex reports that the average transaction took less than a minute and recorded savings of over 7% in remittance cost and currency exchange rates. Over 850,000 Thai baht (around $24,000 USD) were transferred ... (read more)