Latin American workers unable to reliably receive remittances from abroad due to high fees, slow transfers, and currency volatility

Millions of Latin American families depend on remittances from relatives working internationally, but traditional banking and money transfer services charge 5-10% fees, take 3-7 days to process, and expose recipients to unfavorable exchange rates. Current solutions like Western Union and bank transfers are expensive and slow, leaving vulnerable populations losing significant portions of already-limited income while waiting days to access critical funds for basic needs.