Why Trump's Clampdown on Remittances Will Force Mexicans to Bitcoin - Bitcoinist.comsteemCreated with Sketch.

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Donald Trump and the White House is considering a stopping of the remittance network to Mexico. This is all part of a larger DHS move to stem the tide of illegal immigration from Mexico. The unintended outcome could be pushing these people to use Bitcoin to send money back home.


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It would take like a quarter or a third of all bitcoin just to cover the annual remittances. All bitcoin total is worth less than $90 billion dollars, Mexican remittances are over $30 billion. I imagine there are some technical problems and transfer fees that would get in the way also.

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