Interesting conversation with a colleague of mine who's just taken a job at a remittance company.

Says one of their main problems to solve is helping *senders* ensure that the money is spent on the right thing (e.g. mortgage, bills). Bitcoin obviously perfect way to do this if everyone accepted it, but that's a long way off. Main thought I have now is about why remittance companies continue to grow despite a faster, cheaper alternative in Bitcoin: besides from marketing budgets, my bet is that these companies are really good at focusing on specific customers and use cases like this.

We're often too busy quoting exorbitant Western Union fees, while dozens of fintechs are doing a decent job solving the problem - they're the strongest competition vs. Bitcoin for remittances.

My prediction is that these companies slowly get saddled with more and more regulation and costs though.