The interest of big players in bitcoin is something we should cheer about, but it also makes me feel a bit paranoid, though BTCitcoin is the perfect coin for Remittance, a company like AXA might have a hidden agenda, just like the banks who are hopping onto the BTCitcoin train to get something out of it. Just to once again f* us all over and push us back to the drawing board because we failed at the attempt to take over the world..
It really matters. I believe in the free market. Competition would result in the best solution getting adopted.
If Bitcoin makes remittance cheaper, I don't care if it is AXA (or any other company) which adopts it.
Western Union and others will have to adapt or fade away.
In the free market, competition will result in pricefixing, hollow products, low cost outsourcing. The only 'best sollution' it will get is the best sollution for the shareholders and profit. Free market and competition will never, ever benefit the consumer, it will only destroy products, services and companies, like a locust swarm it will eat all it can and leave when it is all gone to feast on another project.
