In the past, the international remittances market has been dominated by large money transfer operators such as MoneyGram and Western Union. (bitcoinafrica.io)
The commonly used alternatives to international bank transfers are large money transfer operators (MTOs) such as the Western Union or MoneyGram. (wirexapp.com)
Players charging lower fees using virtual currencies will eventually put pressure on the existing money transfer operators and banks to reduce their remittance charges too. (gfmag.com)