expatriotic

El Salvador’s new bitcoin plan could cost money providers like Western Union and others $400 million a year,

That's ~2% of their GDP. That is a huge savings. Major head winds for Western Union - taxing the least privileged. And that's a good thing.

bitcoin

Bitcoin is completely changing how people remit money. (And that's a good thing)

Good write up on remittances. 

>El Salvador’s new bitcoin plan could cost money providers like Western Union and others $400 million a year,

That's ~2% of their GDP. That is a huge savings. Major head winds for Western Union - taxing the least privileged. And that's a good thing.