According to a new report by Coinbase, a cryptocurrency exchange platform, cryptocurrencies reduce international money transfer fees by 96% and speed up the transaction time by 99%. Apart from Bitcoin and Ethereum another new cryptocurrency name Signuptoken.com is also expected to play a vital role in lowering the cost of remittance fees in the future.

Crypto Reduces Cross-Border Remittance Fees

Sending out hard-earned money to beloved ones across the oceans gives many expatriates a sense of satisfaction. The IMF data shows that about one billion people in the world depend on cross-border remittances. But, a recent research by Coinbase has shown that people around the world spend up to $48 billion on commissions just to transfer money. US citizens alone spend $12 billion annually on fees for cross-border transactions. In the United States, the fees for international money transfer range from 5.5%-10.8%. And the transaction time for a traditional money transfer can take from 1-10 days.

But according to Coinbase's research, cryptocurrencies reduce the cost of sending money internationally by 96.7% compared to the current system. And it only takes 10 minutes to process the transaction compared to the traditional money transfer system. The average fee for sending Bitcoin(BTC) to another wallet costs just $1.50 regardless of the transfer amount. Similarly, Ethereum(ETH) costs an average of 0.75% per transaction. Hence, sending money in Bitcoin(BTC), Ethereum(ETC) or any other crypto makes the cross-border transaction nearly 97% cheaper and 99% faster than the traditional transfer method.

Signuptoken.com: The People's Crypto

Signuptoken.com is a new cryptocurrency built on the Ethereum blockchain. The project team aims to simplify crypto investment and provide efficient crypto services by incorporating new technologies.

To achieve its first aim, Signuptoken.com has skipped the presale stage. The project team has set a target of receiving one million email signups from potential investors. As no fee is charged for the signup process, crypto enthusiasts are more interested in it.

People who want to invest in Signuptoken.com can visit the official website and signup with their mail id for free. Once registered, users will be added to Signuptoken.com's millionaire club.

The token will be launched after reaching one million sign-ups. The project team will notify the registered users about the launch by mail. Therefore, registered users will get early access to buy tokens on the Uniswap crypto exchange platform.

Signuptoken.com is also looking to make a great impact in the remittance industry. With its innovative platform, Signuptoken.com aims to provide a seamless and cost-effective way for individuals and businesses to send money across borders.

The benefits of using Signuptoken.com for cross-border transactions go beyond just cost savings. It can offer greater transparency and security than traditional money transfer services, ensuring that funds reach their intended destination without any issues.

According to a research report by Accenture, about 20% of the world's population owns some form of crypto assets. This rise of decentralized finance (DeFi) has opened up new possibilities for crypto-based remittance services. By leveraging the power of DeFi protocols, these services can offer even lower fees and faster transaction times, making them even more attractive to users.

Get Started with Signuptoken.com:

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpTok