Phillipino nannies remit over $20billion yr. If the nannies switch to bitcoin the savings from fees etc would be enormous, maybe over $100mill per year..
Do u know how much they make? Surely their western union fees are lower than bitcoin trading and tx fees.
Bitcoin is design to only be used by elites.
Knircky,
I agree, you lose about 8% with bitcoin, that's why SALPay is making a token that will cost only 1% (no forex fees) to send money from US, SG, AUS directly into our existing SALPay wallet and card here.