Re:Crypto currencies and blockchain are broken because they ...
by AboutTheWhisles on Tuesday November 20, 2018 @04:50PM
(#18498131)
People have been already doing remittance for the last five years with cryptocurrency. It isn't too tricky to understand that someone can set up a small office in both countries, take in one currency, send cryptocurrency they already have, buy more with that currency and have the other office sell some cryptocurrency when they receive it from the first office.
This is something that does not depend on low volatility and can be done on a small scale while bypassing a large expensive service like western union.
For your off chain problems Egor Homakov's Failsafe Network (now called Fairlayer) addresses that problem https://github.com/fairlayer/wiki
For your request of being able to just pay with your phone anywhere you go, with an easy to use interface that registers payments immediately, Moxie's mobilecoin project may be the answer if it's ever realized https://www.mobilecoin.com/
Basically you just need to wait for this to mature, and for the majority of speculators to get run out when it all collapses. It would be nice to have reliable exchanges as well instead of every few weeks discovering another scandal of price fixing or stolen coins.