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India Post offers savings accounts services through its post offices. Non-profit public enterprise and a post office is available in every PIN code. There is pr
by pkd 5y ago
India Post offers savings accounts services through its post offices. Non-profit public enterprise and a post office is available in every PIN code. There is probably one within walking distance of your relatives in your native village.
Cross border transactions are heavily regulated precisely because they cross jurisdictional boundaries - without regulation it becomes trivially easy to commit fraud and make the money effectively disappear. Does the current regulation come in the way of the average person trying to accept Paypal money? Sure. But that is not a technological problem - its a regulation problem, which is ultimately a social problem.
- GVRV 5y agoI know options exist, but better, more inclusive options can be possible. Take for example messaging – Jeff Bezos uses (used?) WhatsApp, I use it, you probably use it and my relatives use it as well. No matter what the geography or your social/financial standing, you probably have access to a world-class messaging product easily. The same is true for a lot of things: Wikipedia, Linux, Bicycles. Why should the same not be true for wealth protection and growth? If it is possible to come up with a such a system, shouldn't we at least give it a shot?