How much do traditional remittances typically cost?

Traditional remittance services charge an average of 7% in fees, which Bitcoin can reduce to under 1%.

How long do traditional remittances typically take?

Traditional remittance services typically take 3-5 days for delivery, while Bitcoin settles in 10-60 minutes.

Approximately $700 billion is sent annually in global remittances.

Bitcoin remittances are available 24/7 without intermediaries, unlike traditional services with limited hours.

Apps like Strike use the Lightning Network to enable instant, nearly free remittances that automatically convert to local currency.

12 min readinteractiveIncludes quiz · 5 questions

Bitcoin is transforming how millions send money home, saving billions in fees annually.

The Remittance Problem:

Bitcoin Solution:

This lesson includes a 5-question quiz (passing score: 75%).

Quiz functionality available in the mobile app.