The European Union has introduced new regulations targeting high fees for international money transfers. The policy aims to protect consumers and make cross-border payments more transparent. Financial analysts expect these changes to significantly lower costs for migrants sending money back home and encourage competition among transfer services.Several fintech companies are now using blockchain to streamline money transfers, allowing for near-instant and low-cost international payments. This technology reduces reliance on traditional banks and intermediaries, making remittances more secure and efficient. Early trials indicate that blockchain transfers could cut fees by up to 70% compared to conventional methods.