Money transmission refers to the process of transferring value or funds from one party to another using digital currencies. This transaction can take place between individuals, businesses, or across borders.In this context, money transmission typically involves wallets, which store digital currencies. Users can send their cryptocurrency to another wallet address, allowing for fast and often low-cost transactions compared to traditional banking methods.Regulatory bodies may classify businesses that facilitate these transactions as money transmitters. This classification means they must comply with specific laws and regulations designed to prevent fraud and enhance security.Overall, money transmission plays a crucial role in making digital currencies accessible for everyday use, enabling everything from online purchases to remittances.