“In sub-Saharan Africa, where 75% of the population don't have a bank account, experts say the currency could help millions of people pay bills and get to grips with their finances"

In developing countries and in particularity in Africa, a big amount of the population don’t have access to the banking system and is suffering of exorbitant remittances costs from the existent providers.

One study by the World Bank showed that households in Ghana receiving remittance payments reduced their spending on food by at least 14 percent. A single remittance is often used for several payments which are a necessity for the household. For example, food, housing, education and so on making it crucial that the cost of remittances should be lowered

Cryptocurrency makes international payments cheaper through P2P payment with a smartphone and without a bank account. Bitspark is a good example of this where the Ghana and Nigeria rates are often more competitive than the typical remittance providers one may use.