One of Ethereum’s often cited benefits is the reduction of operational fees. Ethereum eliminates intermediaries, thus decreasing transactional fees and increasing the speed and efficiency of transactions. Every industry stands to benefit from improvements in efficiency and reductions in cost, but this innovation is especially exciting for organizations in developing economies.
Many people in developing economies are subject to complicated remittance processes, exorbitant online payment fees and high currency exchanges. Everex, a FinTech company, is leveraging Ethereum to help people in developing nations with limited access to banks and global financial systems. Everex’s Cryptocash solution enables simple cross-border transactions.
Source:
https://techcrunch.com/2017/06/04/business-in-the-age-of-ethereum/
