This is the fourth video in our series called “Bitcoin as a Disruptor”.
Ever since people have tried to send money home, perhaps 10,000 years, there have been sharks in the water trying to gobble it up. The same is true today.
Source: World Bitcoin Network
Western Union, Money Gram and others make billions each year off the poor families sending money to even poorer countries. Bitcoin can change that better than any tool the world’s ever seen. With 500 billion sloshing around in the remittance markets, there’s a lot at stack. Further it seems likely the market would be even bigger, perhaps 1 trillion if there were no fees. This is a real game-changer.