Remittances is not a killer bitcoin application until hundreds of millions of people have bitcoin. It's like VOIP for the internet -- there needs to be the infrastructure in place in order for it to make sense.
Currently, the costsand time it takes to get into and out of digitial currency (like 99% of people want to do) makes BTC and other digital currencies poor rails for remittances.
Thank you for the reply!
You're right that bitcoin adoption is still far too small. The industry appears to be very much in the infrastructure building mode. It will be some time yet until we see major financial institutions and governments begin to acquire as much of this stuff as possible. And perhaps even longer out still before there is mass adoption.
How do you see this playing out?
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