Remittances are a huge part of the global economy but traditional money transfer services can be slow and expensive. Bitcoin offers a faster and more cost effective alternative. Could bitcoin disrupt the remittance industry and become the go to solution for cross border payments? What are the potential for bitcoin to change the way we send money internationally and what barriers still stand in the way of its widespread adoption for remittances?
this question was asked over a decade ago.. and back then the answer was yes..
however the core devs messed with bitcoin just enough to change that answer to no.
purely so they can have their sponsors of the messy alterations create subnetworks to steal the "remittance" business opportnities of middlemen payment processors via their promotions that anyone sending under $1k should use a subnetwork and not the bitcoin mainnet.. the issue though, is these subnetworks are not made to be straightforward to self-setup, bug free, nor be in self control. heck even the peg of mainnet currency to subnet units are not guaranteed, so alot of things have gone wrong with such a opportunity that existed over a decade ago