Interview: Encryptus board member Dilip Ratha says stablecoins win the risk narrative against legacy systems Legacy cross-border B2B payments are costly, slow, and opaque.
Crypto remittances flip the script
With stablecoins on blockchain rails, businesses can bypass intermediaries and settle globally in near real time at a fraction of the cost—unlocking faster, more transparent operations. In the interview, Dilip Ratha, who recently joined the board of Encryptus, explains the risks and misconceptions about crypto remittances and the role of policy advocacy in this regard. EPI: You’ve documented for decades why remittances cost too much and take too long.
From your perspective, what are the biggest frictions in the system today? Dilip Ratha: The fundamental issue remains correspondent banking infrastructure. When a migrant worker in London sends money to Kenya, that payment often passes through multiple intermediary banks before reaching the recipient.