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also, even if that was true for all of those presumably unbanked countries, how is allowing universal access to stable stablecoins any easier? still need some p
by twelve40 4y ago
also, even if that was true for all of those presumably unbanked countries, how is allowing universal access to stable stablecoins any easier? still need some physical place to cash out, so what's the difference between that and a bank? unless you envision completely tearing down local currencies and going fully digital wallet to wallet?
- dcolkitt 4y agoAlmost all major cities in middle income countries have currency brokers who are more than happy to earn spreads by making a market between on-chain dollar-based stablecoins and the local currency. It's not really any different than traditional forex brokers. If anything, slightly easier because each physical location doesn't have to manage an individual cash vault.