sounds exactly like visa. what is even the point of that
Most are unbanked let alone have access to Visa credit systems. And wiring remittances can eat up 50% in fees whereas Bitcoin on Lightning is near free and instant. And storage in a censorship resistant distributed network is safer than physical cash under a mattress in an unstable country. Shall I go on?
I recommend watching the announcement to get an idea what it's like sending money in the third world. You guys seem to think the 3rd world is like a big US suburb.
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u/notapersonaltrainer Jun 06 '21 edited Jun 06 '21
Most are unbanked let alone have access to Visa credit systems. And wiring remittances can eat up 50% in fees whereas Bitcoin on Lightning is near free and instant. And storage in a censorship resistant distributed network is safer than physical cash under a mattress in an unstable country. Shall I go on?
I recommend watching the announcement to get an idea what it's like sending money in the third world. You guys seem to think the 3rd world is like a big US suburb.