Could Buying Remitly Global Stock Today Set You Up for Life?

The stock market keeps soaring, but Remitly Global (NASDAQ: RELY) has failed to join the party. Shares of the mobile remittance platform have tumbled 33% from highs set earlier this year due to perceived risks over reduced immigration to the U.S., potential taxes on remittances, and the rise of stablecoins for international money transfers.There is a lot of negativity over Remitly Global stock right now. I believe these doubts are overblown. Here's why buying Remitly stock could set your portfolio up for life.Compared to traditional remittances, Remitly Global is vastly superior for almost any customer looking to send money from one country to another. Remitly has an easy-to-use mobile application and lower fees than traditional players like Western Union. It is able to do so because it does not operate any physical money transfer centers, but it still partners with physical receiving locations in foreign countries when that is the preferred option for the person receiving money.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool