Remittances play a very significant role in the international flow of money, yet this flow is controlled by official banks with high transfer fees and exchange rates.

Also, people who lack documentation or with no access to an official bank account are excluded from this kind of service.

Bank of the Commons is able to provide banking services to its members, as long as the recipient, member in our case, makes use of the Virtual Bank Account (the unique identifier token for each member) to cash out or cash in official currencies.