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?
Bitcoin as decentralized digital currency technology has advantages compare to traditional bank system or moneygram, depends on the situation obviously. Just like what you had mentioned, migrants could send money to their families through bitcoin without higher fee. But transaction inside the country, banks are better than blockchain because the current unconfirmed transaction has reached over 78,000 which causes higher fee around almost $1. But, if I send money through bank service, it is totally free without any charge.