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Same is true for Bangladesh, India, Philippines, etc. They all have good Internet connectivity but too many unbanked people.
by granddemolisher 4y ago
Same is true for Bangladesh, India, Philippines, etc. They all have good Internet connectivity but too many unbanked people.
- hestefisk 4y agoMobile wallets are quite popular for the unbanked in those countries. You don’t need a decentralised ledger for that.
- latchkey 4y agoThe banks are awful and have been known to go out of business and take peoples money with them. The concept of FDIC insurance doesn’t exist. Also, good luck getting an account when you don’t have an address.
- mmcnl 4y agoYour reasoning is something like: problem unbanked people, solution crypto. I don't understand that reasoning at all. Why not look at solutions that have actually proven to work first? Why not investigate the problem and figure out what their needs actually are?
- aaaaaaaaata 4y ago> Why not look at solutions that have actually proven to work first? Power structures are ending cash in various places for various reasons, and we need some even kind of private digital replacement to cash.