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Physically handling this much cash and verifying IDs and all this manual garbage is not actually necessary to solve the real problem which is transferring value
by aianus 11y ago
Physically handling this much cash and verifying IDs and all this manual garbage is not actually necessary to solve the real problem which is transferring value to Mirjam.
The correct solution is to open accounts for these people like an actual bank and subsidize ATMs and electronic POS systems to encourage people not to have to actually take out cash.
Then you have a nice stable assets line on your balance sheet and you can start lending money out and enabling investment and making a profit from the interest.
> 7.5 dollars seems pretty cheap for that kind of service.
Sure, but if you send $1,000 it doesn't get any cheaper. Still worth $75? $750?