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And how does that person in that small village in Peru converts their WhatsApp coins, or whatever they are called, into actual money? And if the answer is: the
by gregschlom 8y ago
And how does that person in that small village in Peru converts their WhatsApp coins, or whatever they are called, into actual money?
And if the answer is: they do a transaction with someone else who wants to trade their money for WhatsApp coins then again, why do you need the blockchain versus a centralized WhatsApp currency.
Blockchain is a solution when there cannot be trust. If I trust WhatsApp, and you trust WhatsApp, and WhatsApp has a money exchange feature, we don't need the blockchain.
- the_clarence 8y agoIt could be about the legality of aetting a bank in every country and figuring out rate exchange
- geofft 8y agoWhy would it be more legal / legally easier to set up a service in Peru that turns WhatsDubloons into soles and vice versa, affiliated with a multinational company that converts WhatsDubloons into USD, than an entity that directly transfers soles and USD?
- the_clarence 8y agoBecause these crypto exchanges already exist