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Money Management Strategies For Those Working Overseas
Money Management Strategies For Those Working Overseas
Managing your finances while living abroad can be challenging. Overseas workers often find their personal wealth suspended across borders, with bank accounts in different countries and income in different currencies. Taxes, transaction fees, currency conversions, and restrictions around opening a bank account are common headaches an overseas worker will likely encounter. As a result, expats…
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According to the World Bank, the officially recorded remittances to developing countries during 2016 is $429 billion. This may come as a surprise to those who are unfamiliar with the multi-billion dollar market of remittance industry. Technically speaking, remittance is a peer-to-peer transaction among migrant workers to their families in the home country. These global …
Blockchain as a technology has provided with many useful solutions in several industries. With its unique features, remittances of workers can be transferred to their family and friends efficiently with low transfer fees. As the technology is developing more and more applications including remittance can be made easier for the people. Take a look at how blockchain technology changes the remittance industry.