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Seems a bit early to say it has “utterly failed.” Especially when Colombia is consistently the 2nd most active trading country in LatAm. And As Banco De Bogota

• smoe 5y ago
  Not saying crypto has failed in all aspects, just in the use case talked about in the blog post. I don't see crypto competing with e.g. Nequi any time soon. The project you mentioned is interesting, but I see it as something much more for the middle and upper classes. I know plenty of crypto enthusiast in those circles. I tried Buda, which is mentioned in the article as partner. It has been the most tedious experience with a "financial" product I had in my whole life.
  • rattlesnakedave 5y ago
    Utterly means “completely and without qualification; absolutely.”
    • smoe 5y ago
      You can completely fail in one thing, and succeed in another. Crypto people have moved the goalpost of what it is supposed to be useful for a lot over the years. Which is fine. Doesn't mean it has completely failed to deliver on some of them so far and the market has been taken over by others.