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Not everybody has. And even in the 'normal' world, banks refuse quite a lot of people and businesses. So no, we don't have bank accounts.
by jbverschoor 5y ago
Not everybody has. And even in the 'normal' world, banks refuse quite a lot of people and businesses.
So no, we don't have bank accounts.
- ben_w 5y ago“Not everyone” has a computer of any kind, not even a cellphone, not even of the not-smartphone variety. Underbanked people more so than the general population. And this group is also the most harmed by current cryptocurrency transaction fees — I’ve met someone (friend of a friend in Nairobi) for whom, assuming rent is paid monthly, current fees would raise their rental cost by 10%, and they’re already struggling.