The security and validation offered allow for bitcoin or any solid crypto currency to

 The security and validation offered allow for bitcoin or any solid crypto currency to be the most stable medium for the future of finance. Having all transactions done using crypto currency would result in a completely decentralized and open financial system which would completely be controlled by the network using it ensuring no one party gains through an unfavorable or unsavory method. Given these advantages, there are major applications for remittance through crypto currency. This trend has already started to see growth in South Korea and China with companies aiming to use crypto currency for remittance transactions and the trend is also expected to be implemented soon in Malaysia. Given that financial

 technology companies have had a major growth rate in Asian markets there is a major scope for a strong, well branded and trusted crypto remittance company to ensure that maximum remittance amounts reach the families that need them. Start-ups such as Bitspark in Hong Kong, and Bloom, Payphil, coins.ph and Satoshi Citadel Industries’ (SCI) remittance unit Rebit in Philippines, are trying to turn that into a business model. There is an even bigger advantage for developing economies: Reduced demand for crypto currencies in smaller economies often can lead to lower bitcoin prices, so sending $100 to Indonesia or the Philippines via bitcoin would result in the equivalent of more than $100 at the other end. Without the bank

 fees, the shops say they can charge their customers 25 to 75 percent less. This means a great deal to countries where the majority are in poverty and need every bit they can get. The introduction of Crypto currency has led to easier and safer transactions and while there are still security issues which need to be resolved, they are expected to be sorted out in the near future as research indicates that by 2030, Bitcoin will become the 6th largest global reserve currency leading to it having a mainstream place in society and therefore the economy For more information, click on the link below