Well you see, when you're carrying a lot of cash on your person, then you put your location on a website, so anybody looking for someone with a lot of cash can find you and...
Playing devils's advocate, when have people, in all history, carrying large amounts of cash not been strapped?
When I was in Nicaragua for awhile it was kind of known you don't fuck with the cash dealers. From my experience, especially in these lower-income countries where these services are targeted, you're either getting protection or you're providing it; if neither, you'll quickly find yourself needing one of the former.
I'm not sure how this would change with a Silicon Valley style startup, but given Uber drivers don't know each other or have any "loyalties" for lack of a better word, I'm inclined to think you'd be right. However, I can quickly seeing this leading to the "dealers" on this system organizing into a group for self protection. Or a gang, cartel, militia, party, or advocate group, whatever you want to call it. Dudes you don't want to fuck with. And that doesn't sound conducive to a banking revolution, although maybe in the sense that payments are a social system at their core could make this feasible.
When I was in Nicaragua for awhile it was kind of known you don't fuck with the cash dealers. From my experience, especially in these lower-income countries where these services are targeted, you're either getting protection or you're providing it; if neither, you'll quickly find yourself needing one of the former.
I'm not sure how this would change with a Silicon Valley style startup, but given Uber drivers don't know each other or have any "loyalties" for lack of a better word, I'm inclined to think you'd be right. However, I can quickly seeing this leading to the "dealers" on this system organizing into a group for self protection. Or a gang, cartel, militia, party, or advocate group, whatever you want to call it. Dudes you don't want to fuck with. And that doesn't sound conducive to a banking revolution, although maybe in the sense that payments are a social system at their core could make this feasible.