We chart the top countries by money received from abroad, in current U.S. dollars, based on 2000-2023 data from Knomad.
Specifically, these transfer totals shown represent personal remittances, or money sent between residents and non-residents, including personal transfers and compensation for work done abroad. It does not include, and is separate from, foreign investment.
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Interesting to see France in that list.
Germany and UK too
I totally brain-farted on the word "remittances" a few days ago. You just restored part of my brain.
Surprised about France being so high.
How do they count ESOPs then? Is that compensation or investment? In US and european laws their treated like something inbetween.
Why isn't China on the list? May be they don't publish data for personal remittance.
Nice to see India making it to the top. This is definitely one thing out of many that's leading the higher growth rate of India.
It's literally right there, Top 4
Indian developers and doctors are keeping treasury purchases alive
All of these countries are ripe for Strike/Bitcoin lightning adoption. After seeing this with El Salvador play out well, I see one of the biggest use cases for Bitcoin remittances.
I think Guatamela would be the next best candidate, especially as they are located right next to El Salvador, and already have some bitcoin communities such as Lago De Bitcoin!
America's Immigrant Population - By Country of Origin, 2023: #1223045
Wow! India is topping the list! That too by a fair margin!
Why is china on that list?
I thought their economy was world class? Lol
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The Philippines' GDP is roughly 10 times larger than remittances.
They have probably heard about bitcoin, but they might not be aware that using LN can make sending remittances almost free.
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Are you filipino? My cousins there were pretty clueless about Bitcoin. I was hoping to pay them in BTC to try to avoid transaction fees...
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It's sad some people work really hard jobs in the Philippines only to make $6-10 per day. I think they could actually do nearly as well posting here if they worked at it.
And write a few guides or how-to to help others in a similar situations if not necessarily the same country
You have friends from all over the world
I do know a lot of people, thats true… keeps you grounded if you know people from lots of different backgrounds
lol
I would prefer if adoption happened on the merchant's side through LN, but in the meantime I think Strike is bringing adoption, it's undeniable.