Turning point in remiitance industry

One of the most popular means of money transfer in the present day system is ‘wire transfer,’ an electronic transfer of money that goes from one bank or credit union to another using a network such as SWIFT or Fedwire.

Wire transfers are being backed by banks and other traditional financial institutions. Global coverage, speed and security of transfer are some of the qualities that attract individuals and institutions around the world to this system of remittance. However, emerging technologies are disrupting these existing systems at a speedy rate.
https://cointelegraph.com/news/from-flying-money-to-blockchain-how-remittance-industry-has-reached-turning-point