Remittance firms cautious about getting into crypto ...Qatar

• Less than 1% of the volume of global cross-border remittances are currently in crypto El Salvador may be touting bitcoin’s use to help its citizens living abroad send funds back home, but the biggest remittance firms are cautious about offering cryptocurrency services. In a move that could be a harbinger of crypto becoming a more popular way to send money across borders, El Salvador on Wednesday became the first country to adopt bitcoin as a parallel legal tender. President Nayib Bukele played up bitcoin’s potential as a remittance currency for Salvadorans overseas. But despite the possible long-term risk to their business if such moves escalate, only a few of the traditional remittance

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