The first event of the Coinbase Institute Speaker Series brings together world experts in remittances and crypto to discuss opportunities and challenges of using crypto to increase the efficiency of the remittance process, and improve the lives of people around the world.

International remittances exceed half a trillion dollars annually, and make up a vital part of the global economy. Still, the process of international money transfer is still complex and costly. Recently, cryptocurrencies have ushered in a new, alternative system for transferring money around the world seamlessly peer to peer, without corresponding banking networks or other centralized intermediaries.

To know more about the use of crypto for remittances, the Coinbase Institute just released a primer on the topic

At Coinbase, our mission is to create an open financial system for the world.

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This content is being provided to you for informational purposes only. Nothing discussed in this video is intended to be investment advice. This content, and any information contained therein, does not constitute a recommendation by Coinbase to buy, sell or hold any security, financial product or instrument referenced in the content.