Remittances - a really big market for bitUSD

[nz]

Just Did

[donkeypong]

Let's tip him some BitUSD!

[Shentist]

Taken from the speaker's Twitter:



There's a possibility that he might be interested in bitAssets remittance services due to its price stability. He also blogs on The World Bank official website.

http://blogs.worldbank.org/team/dilip-ratha

twitter him :D

[abelljefrry]

Taken from the speaker's Twitter:



There's a possibility that he might be interested in bitAssets remittance services due to its price stability. He also blogs on The World Bank official website.

http://blogs.worldbank.org/team/dilip-ratha

[donkeypong]

i just read https://www.techinasia.com/bitcoin-remittances-rebit-philippines/

biggest markets are

1. China
2. India
3. Philippines

we should leverage and help our Chinese community and make it possible to use bitUSD and bitCNY to send remittances via bitshares. With BTC38 with a off ramp for bitCNY - CNY it should be not out of reach.

Mexico is a close #4 in most years.

[Murderistic]

Actually remittance will not need bitassets at all, it can run purely on gateways end to end. It's basically what ripple was designed around. Of course if we manage to convince people that holding bitassets is as good as having cash under the pillow then bitasset transactions could eventually become as good as end to end fiat remittance.

That's the route we are positioning this for.

[Rune]

Actually remittance will not need bitassets at all, it can run purely on gateways end to end. It's basically what ripple was designed around. Of course if we manage to convince people that holding bitassets is as good as having cash under the pillow then bitasset transactions could eventually become as good as end to end fiat remittance.

[Shentist]

i just read https://www.techinasia.com/bitcoin-remittances-rebit-philippines/

biggest markets are

1. China
2. India
3. Philippines

we should leverage and help our Chinese community and make it possible to use bitUSD and bitCNY to send remittances via bitshares. With BTC38 with a off ramp for bitCNY - CNY it should be not out of reach.

[jsidhu]

Its a huge market for sure $200 billion a year or more

[hpenvy]

I'd be interested in promoting the remittance market down here in Colombia. Or set up an BitUSD Atm machine. How can I do this?

Please contact Matt608.

[bluebit]

I'd be interested in promoting the remittance market down here in Colombia. Or set up an BitUSD Atm machine. How can I do this?

[davidpbrown]

this niche is already taken by ripple
https://ripple.com/disruption-target-1-remittance/

Only for a while. The disadvantage of ripple is that you have to put the money up front in anticipation of transfer of other monies. XRP is holding value that isn't really useful for anything else. Ripple will drown itself and bitUSD and others can do it better.

[donkeypong]

remitabit is working with us to tackle this market.

And there's been some solid interest in BitUSD from other companies in this sector, according to the Community Marketing Team. As they understand BitUSD better, they'll realize how badly they need to use this. No doubt there's plenty of business for all of them, considering the insane rates that current remittances charge + how many different countries and regions can be involved. But I can't help thinking, the first payment system that integrates BitUSD and has a solid network will be able to leverage the strengths it has over Bitcoin. It's fast, cheap, and stable. They need us.

[bytemaster]

remitabit is working with us to tackle this market.

[Crossover]

this niche is already taken by ripple
https://ripple.com/disruption-target-1-remittance/

[santaclause102]

very much worth watching!

[Shentist]

just watch

http://www.ted.com/talks/dilip_ratha_the_hidden_force_in_global_economics_sending_money_home

to understand the need and potential.