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1. Not all cellphones are smartphones, and not all smartphones are capable of running a given app 2. Presumably a debit card on the same network would work jus
by pbourke 3y ago
1. Not all cellphones are smartphones, and not all smartphones are capable of running a given app
2. Presumably a debit card on the same network would work just as well. What’s the credit + debit card penetration rate?
- scarface_74 3y agoOkay smart phone penetration rate is 91% https://www.oberlo.com/statistics/how-many-americans-have-smartphones#:~:text=The%20latest%20US%20cell%20phone,number%20has%20surged%20to%2091%25 https://www.oberlo.com/statistics/how-many-americans-have-sm.... 4.5% of the US is "unbanked". So now we are talking about 4.5% vs 9% and the overlap is probably small. And before you say poor people probably don't have smart phones. 94% of homeless people have cell phones. The percentage of poor people with cell phones is probably higher. https://priceschool.usc.edu/news/homeless-los-angeles-cell-phone-survey/#:~:text=Previous%20research%20from%20Henwood%20suggested,free%20devices%20through%20government%20programs https://priceschool.usc.edu/news/homeless-los-angeles-cell-p.... (No I'm not judging homeless people for having a life line for survival)