I really agree with idea of Libra tapping into remittance market. Indeed Bitcoin is very much convenient in that regard and cheaper too. With the size of Facebook and its wide usage. If they are to get regulatory approval in future. These initiatives are most likely to take the market by storm which ever strategy they choose to adopt regarding Libra coin.
Libra is dead - 7 payment processors have now backed out of the deal.
So the remittence market is going to be controlled by a crypto that can be exchanged for local fiat on a lot of exchanges.
At the moment bitcoin is winning. But if another coin wants to enter this market they need to focus on making sure they're on as many exchanges as possible, and pared with local fiat currencies.