ChainCatcher news, Binance CEO Richard Teng revealed at the Davos Forum that Binance users saved up to $1.75 billion in remittance fees through instant cryptocurrency remittances between 2022 and 2024, with a total remittance amount reaching $26 billion.In 2024, the average cryptocurrency remittance amount among international users on the Binance platform was $470. Additionally, according to Binance's data, over 500,000 female users participated in more than $4 billion in domestic and international cryptocurrency remittances in 2024, further showcasing the immense potential of cryptocurrency as a tool for financial inclusion and empowerment globally.Binance CEO Richard Teng stated, "Since its inception, Binance's vision has been to promote the free flow of money globally. We believe that cryptocurrency can significantly improve the lives of the global poor and marginalized groups by providing financial tools and opportunities. Remittances are an important application scenario for cryptocurrency, directly serving our mission. Traditional international remittances are very expensive, while cryptocurrency provides migrant workers with a low-cost or even no-cost way to send money home quickly without waiting."