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RE: Steemit, Inc. Leadership Changes

in #steemit5 years ago

If a person has no bank account, then for sure conditions there are such that crypto is likely being USED as currency there. In that case, absolutely, crypto is the best way to send money, regardless of it being a micro-payment or large sums. I recall watching an episode of the Dollar Vigilante where he visits a country where local currency is practically worthless because of run-away inflation. He said that many people there were using Bitcoin as their preferred currency. So it is being used on a small scale. If only we can get it to the point where it (or preferably some other coin with less gas fee and faster transaction times) becomes a real-world currency adopted by the majority, I believe a lot of people are going to be very pleased.