News for hackers. Stuff that matters.

A comment on A faster, more efficient cryptocurrency. Parent comment

Re:A faster, more efficient cryptocurrency by tim333 on Tuesday February 19, 2019 @07:56AM (#19198583)
Crypto is a pain to use even if you have a bank account, passport to scan and so on. I doubt many of the unbanked will use it to join the financial system. There is more promise from payment systems like M-Pesa, or new semi banks like Revolute I think.

In the long run I think banks will win amongst the unbanked.

[ Parent | on HN ]
Re:A faster, more efficient cryptocurrency by mindcandy on Tuesday February 19, 2019 @11:32AM (#19200133)
You’re still thinking like a mainframe salesman scoffing at PC’s ;) Crypto doesn’t require a bank account, passport, etc... The establishment requires that. A hope is that like the third world skipped telephone lines straight to cellphones, they will skip being dicked around by The National Bank of Venezuela and JCMorgan Chase & Partners, Ltd. and go straight to self-sovereign value exchange.
[ Parent | on HN ]