Every year migrants around the world send billions of USD/EUR back to their families.The cost of sending cash via Western Union and Money Gram averages 10-20% in fees. However bitcoin is emerging as an alternative which offers lower fees and faster payments.
Bitcoin also helps allot for countries with high inflation to store value in Bitcoins.
Bitcoin helps for millions of people worldwide.
How bitcoin helps for your life?
Well for me there is no need to compare bitcoins with the banks because first of all they have different purpose and very different from one another ! There is many services provided by banks that bitcoin dont have and If I were to choose with bitcoin and bank i will safely answer bank of course ! And what you are comparing is not bank ! western union or money gram is a money transfer service which is not really related with banking ! and if you will ask me which is much better with them I will confidently answer bitcoin of course !