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by toomuchtodo 2961 days ago
Payments in developing countries is already fast through the use of mobile phones, no cryptocurrency overhead required.
2 comments

Fast but with very expensive fees, and the problem is also corruption, privacy, and abuse by banks and financial institution. With the blockchain beeing decentralized you wont get ripped off and you won't get tracked either (in a way) Also, imagine if Trump decides to ban or tax transfers from USA to LatinAmerica/Africa, then crypto will be the solution.
Which apps or companies are these? I have not heard of widespread use of mobile payments in developing countries besides China.