If the international change market begins utilizing DeFi protocols as a substitute of the present centralized methods, the cost of remittances could possibly be diminished by “as much as 80%,” in accordance with a Jan. 19 paper collectively revealed by researchers at Circle and .
The paper, titled “On-chain Foreign Exchange and Cross-border Payments,” was written by Uniswap Data Scientist Austin Adams, Circle Chief Economist Gordon Liao, Mary Catherine Lader, David Puth, and Xin Wan.
