It lowers the barrier to entry for remittance competitors significantly. Had planned to build a proof of concept for a hackathon back in march but ran into issu

It lowers the barrier to entry for remittance competitors significantly. Had planned to build a proof of concept for a hackathon back in march but ran into issues with nobody on the team having foreign bank accounts that we could pair with crypto exchanges. We planned to use Bitstamp -> Bitso to change USD to MXN via moving XRP between the exchanges. All the API documentation is there to make it happen but unfortunately we couldn't open real accounts and one or both of the exchanges didn't have a sandbox API. However the cost to make a transfer would effectively be less than 1% and take roughly a day, which is essentially the time it takes to deposit money from a crypto exchange to a bank account.