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A third of GDP in Nepal is money sent by nationals working abroad and 1/4 of that is taken through high international banking fees. Use stable coins on a blockc
by exdsq 5y ago
A third of GDP in Nepal is money sent by nationals working abroad and 1/4 of that is taken through high international banking fees. Use stable coins on a blockchain to get around those and you’ll see a 1/12 increase in GDP?
Phone credit based economies still exist in Africa. They have internet but no banking infrastructure. Using a blockchain allows people to create accounts and build a credit history as opposed to phone credit balances.
The Gates foundation mentioned a lot of pain points in direct giving was the fees taken along the way. Again, something that could be looked at with crypto.
Digital licenses - they aren’t transferable because the resale market doesn’t give returns to the creators. With NFT licenses you could trade them with fixed royalties going back to the creator.
Etc