In reply to gitterdunne.

Hear, hear. If I send €50 from the Netherlands to Indonesia with Western Union, I pay €9 to do so. Make it €100, and I "only" have to pay €12.

If I send money by bank from the Netherlands (ING) to Malaysia (MayBank), I pay €6 to ING, RM 5 (~€1) to MayBank, and I get an exchange rate that is about 1.5% below the market rate. So if I send €100 this way, it costs me €8.50. And it takes three working days.

Bitcoin wins hands down, both in costs and in speed.