Case Study: BCRemit achieves faster, lower-cost global remittances with Circle’s USDC

BCRemit cuts remittance fees to ~1% and processing time from days to seconds with Circle

BCRemit, a company focused on global remittances for migrant workers, faced the high costs and slow transfer times inherent in traditional cross-border payments. These challenges, which included expensive intermediary fees and inconvenient pre-funding costs, resulted in customers paying a global average fee of 7% per transaction. To overcome this, BCRemit turned to vendor Circle and its USDC product.

By integrating Circle's USDC, a stable digital dollar, BCRemit was able to bypass traditional intermediaries and leverage blockchain technology for 24/7 operations. This solution dramatically reduced the combined cost of transfer fees and FX margins to just over 1% and cut processing time from days to seconds. The partnership with Circle provided BCRemit with a faster, cheaper, and more efficient remittance service, putting more money into the hands of recipients and promoting greater financial inclusion.

BCRemit