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by jollybean
1456 days ago
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This is completely wrong/upside down. There are no migrant groups workers who depend on Bitcoin as a means of banking, it's completely (ridiculously) unsuited to that purpose. Migrant workers use of innumerable financial services offered to them by banks at home, in their country of work, or one of the myriad of financial services apps made available to them via app stores etc.. |
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There's more to economic participation than just banking (even assuming that what you wrote wasn't a blatant falsehood).
> Migrant workers use of innumerable financial services offered to them by banks at home, in their country of work, or one of the myriad of financial services apps made available to them via app stores etc..
Previously, yes, with predatory fees that make even Bitcoin (let alone any of the umpteen million iterations on its design) affordable by comparison. The working poor lack the bargaining power to meaningfully demand fair treatment from the legacy financial system; for them, a cryptocurrency like Bitcoin provides that fairness.