[kevinak]

Is everyone in India banked? How do you transfer money outside of the India? Can you do that insta fly with UPI as well?

There are more countries than India, I’d suggest maybe taking a look at South America, Africa and Asia.

[ipython]

This argument always intrigued me. Once you point out cryptocurrencies don’t actually solve the unbanked problem for poor people, then the use case immediately shifts to “well have you tried to move seven figures between countries”?

By the way many African countries have a robust mobile phone based banking infrastructure. Nothing to do with cryptocurrency. See https://qz.com/africa/2161960/gsma-70-percent-of-the-worlds-... for example.