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Comment by mrb

"What is cryptocurrency going to help these people do that they can't do already today?"

International payments confirmed and spendable in minutes not days. Escaping inflation in Venezuela/Argentina/whoeverisnext. Sending remittance to family overseas without 10% wasted in fees. Receiving monetary donations for organizations that might be victim of oppressive censorship. Participating in modern e-commerce for the unbanked/underbanked. Allowing merchants to save 2% in credit card fees (which doubles their profit margin if it was 2% to begin with). Allowing merchants to sell in industries prone to credit card fraud. Etc.

Gosh it's so easy to find many benefits in cryptocurrencies.

parent mrb 9 years ago

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