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Inflation’s Impact On Remittances And Other Digital Transactions News briefs from 1/3/23

  • The number of cryptocurrency hacks globally reached 190 last year, setting a new annual record and exceeding 2021’s total by 44%, according to Comparitech. The value stolen totaled $3.57 billion, exceeding the combined total for 2019, 2020, and 2021.
  • Some 82% of senders of remittances across borders said the cost of living has risen for recipients, while 72% of recipients in the United States have adopted a second job to maintain their standard of living, according to data from remittance platform WorldRemit, which in October surveyed nearly 2,700 senders in the U.S., United Kingdom, and Australia.

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