[the_jesus_villa]

>fact that it has become completely disconnected from real world value

Yes, but in this post I really mean "banking". As someone born in a rural area in a 3rd world country, I've seen how people struggle to interact successfully with the banking system. To this day, my documents are a mess but are finally in order enough.

I would love for the promises of DeFi to happen. Cheaply send remittances to my relatives? No more navigating KYC laws that always want the particular document I don't have, and not worry about PayPal just randomly shutting off my account and taking my money?

But DeFi doesn't really do this imo. As I put it in the post, it's like trying to solve loneliness with Omegle. It makes sense kinda but just isn't the right path forward.

[koyanisqatsi]

That makes sense. I'm not familiar with PayPal policies, when do they shut down accounts for sending remittances? Is the policy listed somewhere?

[the_jesus_villa]

I was using PayPal for this and got shut down, they never gave me a reason. I assume I just seemed too "suspicious" by some vague algorithmic standard.

[koyanisqatsi]

That is unfortunate. You're probably not the first person this has happened to and won't be the last so it may be possible to file a class action lawsuit against PayPal for closing legitimate accounts and not providing a reason. If this is happening on a large enough scale then there is a business opportunity here by using DeFi techniques to make a decentralized remittance network.

I'm not sure if there are PayPal brokers but it's probably possible to use a blockchain to verify fund transfers and keep track of trusted and untrusted brokers. You might also just be able to create a volunteer network. I don't use my PayPal account for much anyway and wouldn't mind being a broker if there were instructions for what to do.