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250 million people isn't mainstream? These are people sending money to their families on a monthly basis, and where current transfer fees can take the equivalen
by alexandersingh 9y ago
250 million people isn't mainstream? These are people sending money to their families on a monthly basis, and where current transfer fees can take the equivalent of a half day of work.
That strikes me as an appealing use case.
- 0x006A 9y agoa highly regulated one too, crypto does not address the complexities of international monetary regulations. If the solution is to not abide by the existing regulations, it not going to be mainstream.
- alexandersingh 9y agoAs jogjayr pointed out, the Hawala system has existed before and after formal regulations. Crypto alone might not represent a viable mainstream alternative, but it does have potential as one piece of a composite solution.
- deleted 9y ago[deleted]