China is a different story. China has become one of the geographic hotspots for Bitcoin in the last few months, and BTC China is now the third largest Bitcoin exchange in the world. The opportunity for remittance to China is quite real. It is a single market with the combination of large remittance inflow ($12 billion from the U.S. to China alone) and significant domestic demand for Bitcoin. New remittance startups using Bitcoin would be well advised to focus their efforts on the US- China corridor first.