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The reason Bitcoin is not used for remittance is not due to trust, it's due to the fact Bitcoin doesn't have an advantage in the remittance space. There are co

• luizparreira 12y ago
  I will have to disagree with you on that. I don't think this is the reason, I think the reason is that most companies fail to partner with other established financial institutions. Although this companies, such as transferwise and dwolla do a great job around Europe and US, most of them are not even known in the developing countries, in those countries people still rely on the old fashioned, bank transfers and western union mostly. There is a great opportunity out there for serious people to create great companies, and remittance surely is one of them.
  • davidgerard 12y ago
    rebit.ph is making a serious attempt at remittances to the Philippines using Bitcon, but have discovered they basically have to become a Bitcoin exchange as not enough people are buying the Bitcoins at the .ph end. Also, the expensive bit that you're paying Western Union those fees for? Turns out to be the last mile, that a Bitcoin-based remittance company would also have to implement.