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How exactly do you imagine that an unbanked person living in rural India would be able use cryptocurrency? It isn't like they can just enter their credit card i
by seoaeu 5y ago
How exactly do you imagine that an unbanked person living in rural India would be able use cryptocurrency? It isn't like they can just enter their credit card into a website and buy some. Not to mention that even if they someone managed to acquire some, the $5+/transaction fees are going to make something like bitcoin or ethereum completely impractical.
- yannoninator 5y agothere are other alternative cryptocurrencies working on this exact problem. you're talking as if bitcoin and ethereum is all of cryptocurrency.
- onelastjob 5y agoNano has free transactions. Other cryptos like Stellar and Solana have low cost transactions. People can use sites like localbitcoins to exchange cash for crypto.