As I tweeeted earlier, International Money Remitance has many pain points, main of them being the cost of sending money of course..
Fees for remittance, $100 from Malaysia to Kyrgyzstan: EFT $25, MoneyGram $19, WU $27. Undoubtedly the 1st industry to be disrupted by BTC
— Abdylas Tynyshov (@ades) February 25, 2015
Below is one of the many solutions that will be coming up soon that will be built on top of free, transparent, public ledger technology called Blockchain. And money will be sent on the Blockchain platform via one of its main apps/features called Bitcoin.
Transaction fees are nearly $0 on the Blockchain, but service providers and apps might charge their own service fees. But these service fees won’t be like the ones above in my tweet for sure.