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?
U are forgetting that there are still some problems. The price of Bitcoin goes up and down a lot, making it risky. It can also be slow and expensive to use sometimes because of the way it's built. Plus, many people don't understand Bitcoin and the rules around it aren't clear in many places.For Bitcoin to become really popular for sending money internationally, we need to solve these problems. This means making it easier to use, teaching people about it, and making the rules clearer. It won't happen overnight, but Bitcoin has the potential to change things for the better.