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I fail to see how this solves a usability issue in developed nations. This also reintroduces the portability problems that are present in current fiat.
by russdpale 7y ago
I fail to see how this solves a usability issue in developed nations. This also reintroduces the portability problems that are present in current fiat.
- ccamrobertson 7y agoJapan is a fairly cash heavy developed nation. Likewise, the majority transactions under $25 in many countries are still conducted using cash. We don't necessarily expect people to revert to using cash; rather, Kong is a means of handling cryptocurrency that's vastly easier to understand as an introduction to cryptocurrency. The usability problems are also a feature -- if Kong is burned, stolen or otherwise destroyed, the value is lost forever. Billions of people understand that's how cash functions and they take measures to secure it.