Dear Dev Team,

As an investor in Pesobit, I have an idea I would like to share for remittances from Europe to the Philippines.

The cheapest way to enable the service in Europe would be to set up a company in Estonia, which can be done remotely. The company could have a standard bank account with an IBAN number. Bank transfers to this account from any other account in Europe have zero costs. Sales of Pesobit could be done similarly to the current wallet, but via bank transfer instead of Bitcoin.

From the information I have gained on this forum, my personal opinion is that just launching the service is the best way forward. Costs will come down with volume and the community can help in marketing efforts. Also the price needs to reach a certain level before the service becomes usable (at these price levels there is extreme volatility).

If you need any help, you can PM me. Thanks!