The source below says "According to this document from the US Treasury, SWIFT handles about \$5 trillion per day, or given about 250 business days per year, about \$1.25 quadrillion dollars a year.". How much money is wire transferred every year worldwide?
However this source below says "Worldwide, 230 million people send \$500 billion in remittances each year". https://qz.com/775159/theres-a-500-billion-remittance-market-and-bitcoin-startups-want-in-on-it/
Why is the annual transferred money worldwide quite different? Could you tell me the correct figure?