Quote from: ParRus on November 13, 2018, 08:51:05 PM

Quote from: MandatoryOption on November 13, 2018, 06:15:27 PM

Quote from: king_of_alts on November 13, 2018, 05:35:45 PM

Quote from: cevap on November 13, 2018, 05:01:21 PM

Quote from: Rigorous on November 13, 2018, 01:37:18 PM

Quote from: wator1 on November 13, 2018, 08:41:19 AM

Might be tricky though, most citizens of the MENA region have nothing to do with finance, don't own a bank account and are not interested in owning one, only care about cash, etc. Good luck though!

Really? It is really hard for me to imagine a cash-only, unbanked society. How do they get by with only cash? They do not pay goods and services online? How do businesses collect money if not through a bank or electronic payment?

I am sure businesses are using banks transfer all the time but regular people might not rely that heavily on credit cards and banks but even it this case you can use other ways to acquire crypto.

I think many people there don't buy everything online so cash is extremely useful. People have smart phones though and you could sell crytp gift cards on shops where you buy credit for your phone.

Well, I am not from the MENA region so to get an inside look from someone who is from there, can be very helpful. If the people there really only use cash the most time, it can be pretty hard to get them to switch to cryptos.

Is it true that in this region are no banks? I am surprised .. Cashless payment is safer and it is convenient, in this case it will be even harder for ordinary people to adapt to crypto.

I would guess between 10-30% according to this map from 2014. It should be more now.
https://static1.businessinsider.de/image/59a654c524884937211d7862-1200/the-vast-majority-94-of-adults-in-oecd-high-income-countries-said-they-had-a-bank-account-in-2014-while-only-54-of-those-in-developing-countries-did-the-middle-east-had-the-lowest-proportion-of-account-holders-with-only-14-on-average.jpg