[marcinzm]

>Cryptocurrencies, except BTC and a couple of others, are doing it right. A transfer should cost a fraction of a cent.

Most people would prefer to not be out all their life savings if someone swipes their card number. Combating and refunding fraudulent transactions takes some cost.

[anonsivalley652]

Well, that's kind of an unfair strawman. Cryptocurrencies are best used as transactional currency instruments to buy with local cash and then immediately exchange for goods/services, rather than savings currencies to hide money in, risking high-beta loses from day-to-day.

What would be superior is if every nation's national post office provided basic banking, debit card and mobile payment services for free (think similar to China's amazing system), so that no one would have to be unbanked except by choice. If people are in the "gubberment shouldn't exist" camp, then there should be a trans-national, independent, non-profit credit card system that provides credit card processing and transfer of money at about the cost of delivery: no surprises and no exploiting a basic human need to hand over as much cash as possible to short-term interested stock speculators.

[vertex-four]

In the EU, you have a right to a basic bank account including a payment card and online banking.

In terms of developed countries, again, the US is an outlier in its treatment of people with no good options.