This might be a little off-topic, but... is there any project in crypto that is suited for remittances? ( for example, Australia to the Philippines )
Bitcoin itself could be used for this, but lets not forget, if the recipient gets a fractional Bitcoin in his crypto wallet ( assuming he knows how to
use one of those ), he still needs to convert it to cash ( in this case, PHP pesos ) Doing this conversion will incur fees, and I use the plural
because there might be multiple fees involved if he's using a centralized exchange. The recipient likely also needs a bank account, and probably will
need to convert Bitcoin to Dollars and Dollars to PHP Pesos in the end.
So to me it all seems highly impractical if you're using Bitcoin or Ethereum. Is there any other option in crypto or are remittances still better
handled by Western Union ?
Have you tried the local exchange from the Philippines which is Coins.ph? So from Australia you can send your let's say Bitcoin to a account Coins.ph account from the Philippines and then the person can cash it out to PHP.
I think coins.ph also offered a lot of crypto as well, so you have other options not just Bitcoin. They have USDT as well which is very fast as compare to traditional banks or other remittances services.
The person who is going to received the money though will have to go to verifications from Coins.ph just like any other crypto.