So, I have been reading up on a few Alt-coins and one in particular sparked my interest: Dent wireless. Basically, without getting into the weeds, it allows for the sale and purchase of cellular data worldwide. Apparently they have also cut deals with some major telecoms. I have not used their app personally but some people online claim it works.
That being said, the more I thought about it, the more I realized that the platform, if it ever gained steam, could be a potentially powerful pathway for small remittances, possibly better even than Ripple (at least in theory). The benefit of a crypto tied to a commodity (cell data) that so many people have, need, and use, is that the system has built in liquidity. Not only that, but it is distributed liquidity, which means no need for large scale market makers. Here is an example:
I live in Hong Kong and want to send money to my cousin in Manila. I can simply sell extra data from my phone in exchange for dent, or simply buy data at any bodega, upload it, and trade for Dent. I can then send the dent to my cousin instantly. He can then trade the dent for local data and in turn resell that, to a shop owner for example.
While this scenario requires at least a number of people using the app in each country, the barriers to entry are extremely low, much lower than being a market-maker in XRP or BTC. I say this because any bodega or shop owner can act as a market maker if they can sell data. Because the app allows instant transfer, almost anyone in the country could act as a market maker if they wish to.
I may be missing something in the details here so please feel free to weigh in.