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A comment on Top stablecoins shed $7B in May as traders redeem tokens en masse. Parent comment

Re:Top stablecoins shed $7B in May as traders redeem tokens ... by searchableguy on Sunday May 22, 2022 @06:02AM (#31466541)
In India, everyone has a phone even if they do not have a roof, bank account, proper 3 meals a day, etc. Bank accounts also require minimum balance, address and identity proof which is hard to get for some, local branch is necessary to open an account due to regulation and quality can vary wildly even for urban centres.

> In fact, the requirement that you need good internet speed for crypto to run locally means it's even harder for a place without infrastructure to participate.

Internet costs less than $2 for monthly unlimited data.

You can find 300-500 Mbps broadband in small towns of country where you won't find roads or basic hospitals.

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Re:Top stablecoins shed $7B in May as traders redeem tokens ... by exdsq on Sunday May 22, 2022 @11:00AM (#31468903)
This. So many people who dislike crypto also assume the world looks like the US - access to banking, trust in their government, trust in their central bank, access to international finance… If the entire world looked identical to the US then I can understand it’s not as useful. If the entire world ran on regional versions of M-Pesa…
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