Interesting statistics. It's new to me that there are so many unbanked and underbanked people in USA. The problem, with trying to serve the unbanked in developing countries, is the lack of infrastructure. In that case, it seems to make more sense to target underbanked or unbanked people in developed countries first
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Thank you for your comment. This is an important point. Many crypto coin projects dream of getting rich serving the unbanked in underdeveloped countries, but find the challenge is the lack of infrastructure.
Very developed and well funded projects like DASH have been trying to serve this population in South America, with a focus on countries like Venezuela. But the challenges in infrastructure, use of mobiles by the populace to access the internet and challenges of dealing with unfamiliar internet service providers, mobile services providers and language barriers have been very difficult hurdles to overcome.
One of the challenges of developed countries is point of view. We can’t solve problems in underdeveloped countries using our own point of view as our only lens, we need to see the issues from the viewpoint of the populace, only then will we understand the challenges, as you so aptly point out.
This of course isn’t a criticism of developed countries efforts, it just an observation about a more efficient path to a solution. 😊