Post
Topic
Board Economics
Re: "Old World Problems"
by
jseverson
on 22/09/2018, 14:14:26 UTC
Cryptocurrency wallets are available to anyone with access to a smartphone, computer, or the internet in general. Unlike banks this technology is a lot easier to access even in developing countries.

This is actually a barrier even in developed countries. Both China and Sweden have encountered problems going cashless:

https://foreignpolicy.com/2018/09/11/china-cant-afford-a-cashless-society/

https://www.bloomberg.com/news/articles/2018-02-18/-no-cash-signs-everywhere-has-sweden-worried-it-s-gone-too-far

It should be better in a few years as technology gets more and more accessible.

That doesn't mean that crypto doesn't help with financial inclusion, of course. I just wanted to share that to let people know that the issue isn't exactly black and white.

Either way, I agree with the general message of your post. Crypto offers real solutions to real problems, which is one of the reasons I believe it's going to stay.