Where could Bitreserve take us?

I came across this image on a YouTube video from a presentation by Eric Benz about Cloud banking for social empowerment.

Imagine a platform that allows any type of value to be sent into the system via any entry point such as Bitcoin, Bank transfer, Paypal, Playstation Wallet, Phone Minutes & Gift cards (Amazon). Then allow us to withdraw to any end point we wish.

Note: At the moment Bitreserve only accept Bitcoin in/out but this is soon to change and we will be able to send different forms of value into their system, such as bank transfers.

This now means world remittance is free for everyone that Bitreserve cater to with free conversions to any currency that is supported (they’re adding more and more every month it seems). They are already expanding to emerging markets such as Mexico & India.

Bitreserve currently offer 16 Fiat currencies and 4 PM’s. This I feel is just going to keep expanding until they cater to every stable Fiat currency available. I am a Bitcoin advocate but I also believe the Fiat money is still needed until we can move to a better system of money rather than the traditional fractional reserve, central banked fiat system.

Halsey Minor has pointed out many times if a single parent was given $100 to pay for bills next week and converted it to Bitcoin and it lost 20% of its value in that week it could be the difference between the family eating sufficiently or not, it’s just not feasible for everyday people to have bitcoin volatility in their lives. Until Bitcoins market cap is larger and there is more acceptance it’s not an asset that people on the breadline should be holding onto. However at the same time theses families living on the breadline should be looking to new alternatives in the FinTech industry to make the most of what they get and not being charged ridiculous fees by banks for being in your overdraft for one day of the month. It’s completely unfair.