The Bitcoin software park is enriching with upcoming apps that convert fiat currency to BitcoinCT r:  10, transfer it and reconvert it to fiat, all in a single step. Who needs a money transfer service, when you can just download an app?

With Bitcoin being around for a few years now, one would have expected remittance services to begin to adopt it for their own business, but somehow this didn't happen.

Meanwhile, the Bitcoin software ecosystem keeps expanding, and another killer app seems to be on the horizon.

Freemit

Freemit is an app due for release in 2016 that will allow users to send fiat money abroad using the Bitcoin blockchain. John Biggs left "the best job ever", Chief Editor at TechCrunch, to become CEO of this project.

Freemit will automatically "translate" local currency into Bitcoin and then back into the destination country's local currency in a completely transparent way to the user.

"Using the blockchain and a local currency in/local currency out vision, we will make moving money cheaper, better, and friction-free."