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Mexico Ethereum Ecosystem Overview
From localethereum.substack.com
Mexico stands as the world’s second-largest recipient of remittances after India, with $64.7 billion received in 2024, roughly 3.7% of the nation’s GDP. These transfers are a critical lifeline for millions of households, especially in poorer states. The U.S.-Mexico corridor dominates global remittance flows, and the cost of sending money has historically been high. Traditional channels charge slightly below 5% for a $200 transfer. This inefficiency has created massive opportunity for crypto-based alternatives. Crypto has emerged as a cost-effective solution, with stablecoin transfers costing as little as ~$0.02 ... (full story)
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