| > I know remittance payments from places like US to Nepal is far easier than trying with normal banking options. Okay, but the Nepal client still has to remit payment/receive payment with some source in their traditional payment system, so this doesn't really solve the issue unless they decide to operate all in USDC. It's not a terrible burden coming from the US, but you've likewise offloaded the problem of having a US bank account onto me, where I now have to transfer my USD into USDC to pay you. It's not hard because I already have a Coinbase account, but it would take a few days for added funds to be released so I can send them to you. It's certainly not easier than something like Zelle. Ultimately, nations aren't going to give up control of their money systems: China, for example, might use blockchains for a digital Yuan, but you can bet they will be holding the validator keys. Problems bridging between blockchains are as bad, if not worse, than problems bridging between traditional financial systems. Point is, you're seeing a localized benefit from USDC because you've offloaded the problem of bridging between systems onto your clients, but that doesn't fundamentally fix that there are bridging problems. And even if every system moves onto blockchains in the future, that won't solve those bridging problems--in fact, it will almost certainly make them worse in the short run. |