Quote from: Lucius on Today at 12:44:09 PM

Quote from: Accardo on June 25, 2023, 09:28:53 PM

Most of these unbanked people are from the rural areas and such regions provides lots of workers and most of them work outside the country. If a person in diaspora wants to send money back home and he realizes that his loved ones are unbanked, what will he do? So with BTC, such people may escape from the remittance high fees. BTc will open the minds of many people who receive it. Everyone on the internet require some private and fast Ttransaction, it'll surprise you to know how electricity is everywhere including the rural area.
~snip~

I would not agree that the fees for sending money from abroad are so big, because we had already had such discussions on the forum before and I think @stompix showed some examples on WU transfer.

Oh yeah, the classical WU charges us 105% of the money we send!
https://bitcointalk.org/index.php?topic=5426326.msg61407509#msg61407509
Also:
https://bitcointalk.org/index.php?topic=5342087.msg60526390#msg60526390

I've done so many simulations over this that I don't even remember which is what and where from whom!

But basically, there are so many ways to send money cheaply, instantly, without the need to go and buy Bitcoin, send Bitcoins then have your relative exchange it god knows how that it has lost much of its sparkle.
I know what foreign workers do here, they just open a bank account as they are allowed to, get a debit card, and either ship the card home or enroll it in Curve or google pay, and the relatives can use the money instantly, without the need for WU, Moneygram or anything else.

Quote from: MtYermom on Today at 12:54:03 PM

How many of those have electricity and internet?
Why do you think having BTC will save them since they are in a situation when they can't even create a bank account?
With what money will people that live paycheck to paycheck would buy Bitcoin?

They don't need to be saved, and things do progress, I would be more concerned about access to clean water than the internet or a smartphone.
Also, the questions are invalidating concerns, as long as they have money they can spend that, bitcoin or fiat is the same, if they don't have money to spend daily then there is no need to pay 1$a day in fees, which drastically reduced the number of transactions needed.

Your concern is more like the electric cars consumption, how will we power all of them and where which was actually driving demand down and thus invalidating the problem.

Quote from: Hamza2424 on June 25, 2023, 03:56:25 PM

But now things are different in this market each dn every user has access to every sort of financial service without credit history and useless restrictions. Even with a small amount I can lend money, I can access each and every sort of service whenever I am in need. This is why we call Bitcoin and DeFi the future of finance.

Oh yeah, the revolution Defi and lending has bought, starting with Blockfi and ending with Celsius, or the half a billion in rug pulls in Defi scam projects last year.

You're forgetting one aspect, with a bank you can take a loan even if you don't have the money, it has worked like this for centuries, Defi you can't take one unless you have collateral which is really stupid in the first place, you're putting 200% of the loan at risk of liquidation because of a sudden dump and you end up paying twice in a matter of months. Plus, since most of the world earns its paycheck in rupias or yuans or pesos, you might end up paying twice or thrice since most give loans in USD, not devaluating Zimbabwe dollars.