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?
For me bitcoin is another great income source and a great way to invest my savings.
I agree with your thoughts about the lower fees,but i don`t know for how long the btc fees will continue to be lower than the other payment method transaction fees.
You are right.As the number of transaction increase,so may transaction fees.
But bitcoin has another advantage, holding it may give you more profit.
When someone send you USD,for example, with PayPal, you get money in your local currency and not in dollar.
While a bitcoin sent is bitcoin received and a recipient may benefits from price fluctuations.