The fast-growing massive flow of foreign remittances has significant ramifications for economic and socio-political development. While economic development has been studied extensively, the political implications receive very little attention from current academics. However, some recent studies present a curse argument that remittances are bad for democracy. This study reexamines this proposition by analyzing annual panel data of 156 developing countries for the period of 1972-2020. After controlling potential endogeneity, the system GMM estimator reveals that remittances promote democracy in recipient countries. Furthermore, analysis of time trends shows that remittances support democratic progress much more in the recent period after the 1990s. The study also exhibits that remittances accelerate the development of democracy in countries with favorable socioeconomic conditions and higher absorptive capacity and vice versa. Finally, in favor of the modernization hypothesis, we find evidence that the channels through which remittances develop democracy are by boosting national income and human capital Thus, refuting the curse proposition, the study presents evidence that remittances function as blessings for democracy in developing countries.