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RE: With Bitcoin, Remittance isn't an Expense, but a means of Profit.
Interesting about the profiteering country by country due to Bitcoin prices, I had no idea. On another note, do you think this potential Facebook 'stable coin' will try to corner this diaspora remittance market? It has the users.
The details of FB's native coin are so vague that I cannot say much about its use.
What I can say is that it will definitely be limited use as even FB's payment system only works in the US. Moreover, it'll have to abide by all forms of regulatory oversight that BTC needn't follow.
There is no second Bitcoin.
The problem with Facebook coin is that it will absolutely be permissioned and censorship prone.
Totally, there is no second bitcoin and the FB coin will of course have so many strings attached to not lessen the 'integrity' of FB. Thing is though the sheer number of users on FB and how often they use them. It's probably the perfect platform for the perfect remittance solution (in a perfect world, but still not in my world).