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> It's great that you were able to donate without barriers or middlemen, but the 1.7 billion unbanked people in the world don't have the same access to financia
by colesantiago 4y ago
> It's great that you were able to donate without barriers or middlemen, but the 1.7 billion unbanked people in the world don't have the same access to financial institutions like you think they do. A significant chunk of their finances are taken by bankers for remittances and other fees.
You mean innovations such as UPI, Pix, PromptPay, PayNow and MPesa that are used by more than 1BN+ real people collectively and growing?
My point is what is crypto doing significantly differently that makes it better than the current financial system?
Donating via crypto is completely moot point since I mentioned I can do the same thing without middlemen.
- mattdesl 4y agoYou are describing centralized and walled-garden services run by middlemen. The significant difference of a blockchain is that it is a decentralized protocol that any individual or state can build upon, much like HTTPS. Pix, for example, is managed by the central bank of Brazil. Ethereum, on the other hand, is not managed or controlled by a single state actor.