The point of this thread is rendered moot when you consider that Western Union is trial testing blockchain technology with various fintech companies including Ripple Labs. Remittance companies will have adopt some form of blockchain technology if they want to compete.
exactly.
The blockchain is open source. it is not unexpected that companies like Western Union leverages blockchain technology to streamline its own operations thereby bringing down its costs. Cost savings can be passed on as lower prices to customers as the market heats up.
so in the end it is likely to be Blockchain vs Blockchain. the point is how will Bitcoin fare in this market?