You are viewing a single comment's thread from:

RE: Unbanked in America & Cryptocurrency Part One

in #investing5 years ago (edited)

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. 😊