Paycase is one of the oldest and largest bitcoin companies in Canada. They have turned their attention to the global remittance markets, because Canada is the largest per capita currency remitter in the world, with $2-4 Billion being sent annually to The Philippines, and $4-6 Billion to each India and China.
Paycase works by trading Canadian currency into bitcoin, then trading bitcoin into the local currency of wherever it is being sent, and sending it to the correct user–however, users only see that they have traded Canadian dollars for local currency.
Because this uses a bitcoin price comparison instead of the interbank rate, it reduces the cost of using Western Union by 60-90%. Ultimately, Paycase will allow businesses to be more in control of their own payment services.
For more information, visit www.paycase.com.