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Binance Users Save $1.75 Billion in Remittance Costs Through Crypto Transfers Since 2022

  • Binance users have saved $1.75 billion in remittance costs through crypto transfers since 2022.
  • The average cost of sending a fiat transfer across international borders is 6.65 percent, according to The World Bank.
  • In 2024, the average amount of cryptocurrency transferred on Binance was $470.
  • Binance Pay enables fee-free and quick cryptocurrency remittances, contributing to financial inclusion and empowerment.

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