KEY TRENDS FROM JPM'S REMITTANCE REPORT

Summary from the TLDR Crypto newsletter

Crypto is revolutionizing digital money by turning mobile phones into banks. It has the potential to disrupt remittances, telcos, and fintechs due to its alleged lower fees and faster transactions. There are now ~36M crypto mobile wallet users, remittance costs have dropped to 3.25% on average, and fintech players like PayPal have enabled stablecoin transfers via African crypto exchanges like Yellowcard.