When Bayaua sends part of his earnings back to his family in Santiago, he selects either a Western Union money transfer or an inter-bank transfer. He usually ends up choosing Western Union. Bayaua now has a new option for sending money home. A startup called Bitspark is aiming its bitcoin-enabled remittance service at people like Bayaua and the estimated 164,000 Filipino domestic workers in Hong Kong. Bitspark promises lower transaction fees than banks and money transfer services, using bitcoin to cut costs. It's charging a 1% commission, which is significantly lower than the 3.5% it costs to send money to the Philippines from Singapore, a comparable remittance corridor that is tracked by the World Bank. The World Bank doesn't track the cost of remittances from Hong Kong to the Philippines.

http://www.coindesk.com/bitspark-philippines-remittance/