Hi ozgem,
I have used Transferwise to send funds to the UK. The shortest time I have recorded, for time between when funds leave my account and are received in the UK is 14 hours.
The funds go via Macquarie Bank, the 'validation' point confirming the funds belong to me. The distributed ledger removes the 'intermediary' bank from the sequence and will reduce transit time to a fraction of what it is now. As I understand how the distributed ledger works security would also be significantly improved.
As you point out, the blockchain is the critical part of this breakthrough. BTW, the fees charged by WorldRemitance are significantly higher than Transferwise.
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