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That still only addresses half of the problem. How are you going to send Bitcoins to someone in a country where they don't have Internet? Cash is king in those
by diogenescynic 9y ago
That still only addresses half of the problem. How are you going to send Bitcoins to someone in a country where they don't have Internet? Cash is king in those places--hence remittance services like Western Union. Bitcoin is cool but it isn't a panacea and there are a lot of out of touch comments about its uses. You need to understand your customer and why they use a particular product before you can actually say whether Bitcoin or something else will actually be any benefit.
- kcanini 9y agoIf they don't have internet, how does Western Union receive the message for the money transfer?
- diogenescynic 9y agoMy word choice of 'they' wasn't very clear but Western Union would have some access. However internet most likely isn't broadly available for those in poverty, so the recipient most likely doesn't have it. At least not reliably. Imagine having a currency you can't even use. Not very helpful. And then there's still the education part of learning how to use Bitcoin, securing your Bitcoins, and getting that currency accepted by others.