Re:Vitalik Buterin Talks Georgism, Crypto, Voting Systems
by colesantiago on Monday June 27, 2022 @01:12PM
(#31897564)
This has existed for years before crypto, M-Pesa and PayTM to name a few, this is not new.
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Re:Vitalik Buterin Talks Georgism, Crypto, Voting Systems
by bko on Monday June 27, 2022 @02:25PM
(#31898587)
Looks like M-Pesa is only available in 7 countries.
> The actual cost is a fixed amount for a given range of transaction sizes; for example Safaricom charges up to 66 KShs (0.65 USD) for a transaction to an unregistered user for transactions between 101 and 500 KShs (0.99–4.9 USD). For registered users the charge is 27 KShs (0.26 USD) or 5.4% to 27% for the same amount.
0.65 for $1-5 transaction means a fee between 13-65%
I don't know about the others but my guess is they are similar. Crypto on layer 2 can be a lot cheaper, ubiquitous and not restricted to geography.
https://mpesaguide.com/which-countries-use-mpesa-mobile-mone...