> Maybe you are privileged enough to never have this kind of issues, but some of us do.
Correct.
The eternal hate for crypto is by a screaming minority who are too privileged to even bother realising the majority of people are worse off in countries like Argentina, Nigeria, and Turkey which their currencies have lost over 80% of their value and is quite frankly worthless.
Using USDC as a cheap, fast, global way of sending money is a good alternative for those that don't have a choice in those countries. For those that keep shouting the existing solutions: Wise is neither same day or cheap to send money globally, . Same is true with SWIFT. FedNoW only works in the US and is not global and UPI is also not global.
Crypto and stablecoins tick all the boxes as a 24/7 cheap and very fast way of sending money globally.
The vast majority of people in those countries either go for USD, Euros or are too poor to bother with crypto. Portraing crypto as anything but privileged people's latest hot investment vehicle to become rich, fast, is just plain wrong.
> The eternal hate for crypto is by a screaming minority who are too privileged to even bother realising the majority of people are worse off in countries like Argentina, Nigeria, and Turkey which their currencies have lost over 80% of their value and is quite frankly worthless.
So like 5% of the world population in your examples...
Correct.
The eternal hate for crypto is by a screaming minority who are too privileged to even bother realising the majority of people are worse off in countries like Argentina, Nigeria, and Turkey which their currencies have lost over 80% of their value and is quite frankly worthless.
Using USDC as a cheap, fast, global way of sending money is a good alternative for those that don't have a choice in those countries. For those that keep shouting the existing solutions: Wise is neither same day or cheap to send money globally, . Same is true with SWIFT. FedNoW only works in the US and is not global and UPI is also not global.
Crypto and stablecoins tick all the boxes as a 24/7 cheap and very fast way of sending money globally.