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市場調查報告書

SWIFT的崩壞?挑戰匯款商務的Bitcoin及點對點(Peer to peer)(P2P)模式

A SWIFT Disruption? Bitcoin and Peer-to-Peer Models Challenge the Remittance Business

出版商 Mercator Advisory Group, Inc. 商品編碼 320375
出版日期 內容資訊 英文 24 Pages
商品交期: 最快1-2個工作天內
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SWIFT的崩壞?挑戰匯款商務的Bitcoin及點對點(Peer to peer)(P2P)模式 A SWIFT Disruption? Bitcoin and Peer-to-Peer Models Challenge the Remittance Business
出版日期: 2014年12月03日 內容資訊: 英文 24 Pages
簡介

本報告提供美國-菲律賓和美國-印度的2個匯款途徑、Bitcoin及P2P的新模式所提供的價值命題的相關分析、不同的匯款規模的總成本和這些的目前競爭企業比較相關資料分析彙整,為您概述為以下內容。

調查焦點

  • 包含全球不同地區的交易成本分析,國際個人匯款的主要趨勢的確認
  • 國際的通匯銀行系統的結構和SWIFT發揮的作用分析
  • Bitcoin的區域連鎖技術的結構和那在國際付款的實行中具破壞力的理由說明
  • 美國-菲律賓間的Bitcoin支援匯款企業Rebit所提供的價值命題的檢討
  • 國際匯款的促進中,點對點(Peer to peer)(P2P)模式的結構說明,和美國-印度間的TransferWise的價值命題分析
  • 可能破壞全球個人匯款市場的創新新興企業的檢討
目錄

This Mercator Advisory Group research looks at potential for Bitcoin and peer-to-peer models to drive down costs of cross-border remittances.

Cross-border remittances are expensive, especially for those who can least afford it to be: the unbanked and the underbanked. For Bitcoin enthusiasts, this represents one of the digital currency's most important use cases. By bypassing the expensive fees and onerous regulatory requirements of international correspondent banking channels, the backbone of global money transmission today, Bitcoin-backed remittance evangelists claim they will both do good and make a profit.

The other model that seeks to displace traditional consumer remittance service providers uses peer-to-peer algorithms to match individuals with reciprocal currency needs across borders. TransferWise, one of the pioneers of this model, promises to charge a fraction of what banks do today to move money between countries.

Mercator Advisory Group's most recent research report, “A SWIFT Disruption? Bitcoin and Peer-to-Peer Models Challenge the Remittance Business”, analyzes the value proposition offered by these new models by focusing on two specific remittance corridors, U.S.-Philippines and U.S.-India. It analyzes data on total costs for different transaction sizes and compares these to incumbent competitors. What's common to both these disruptive models and what separates them from the incumbents in the consumer remittance space is that neither relies on the international correspondent banking channels, which are underpinned by SWIFT-a secure financial messaging system-in order to effect the movement of monetary value across borders.

“For established consumer remittance behemoths like Western Union and MoneyGram and for banks that generate substantial revenues from their wire transfer business aimed at corporate and affluent consumers, these challengers may be easy to dismiss either because their business model is unproven (as in the case of Rebit) or their market share is still fairly limited (as in the case of TransferWise). The history of disruptive innovation in the last half-century, however, suggests that dismissing potentially game-changing technologies as unsuited to present needs is a sure way to be rendered obsolete in the future,” comments Nikhil Joseph Analyst, Emerging Technologies Advisory Service, at Mercator Advisory Group and author of the report.

Highlights of this report include:

  • Identification of the key trends in cross-border consumer remittances including analysis of global transactions costs across different corridors
  • Breakdown of how the international correspondent banking system works and the role SWIFT plays
  • Explanation of how Bitcoin's blockchain technology works and why it can be a disruptive force in enabling cross-border payments
  • Review of the value proposition offered by Bitcoin-backed remittance player Rebit in the U.S.-Philippines corridor
  • Explanation of how the peer-to-peer model works in facilitating cross-border remittances and analysis of TransferWise's value proposition in the U.S.-India corridor
  • Review of innovative startups with the potential to disrupt the global consumer remittance market

One of the exhibits included in this report:

                     Source: World Bank, Mercator Advisory Group analysis.

This report contains 24 pages and 12 exhibits.

Companies mentioned in this report include Currency Cloud, CurrencyFair, Rebit, Remitly, Ripple, TransferWise, WorldRemit, BitPesa, Western Union, and Xoom.

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