[cykros]

It doesn't make sense for Americans, or anyone with access to a dollar denominated bank account.

For the other 80% of the planet though, it's a game changer. Rough estimate, but feels fair, as outside the US most people can't have one without substantial access to capital.

At the end of the day, it's just another IOU, much like a bank deposit, except instead of getting the 0.1% yield and FDIC (IF you're in the US), you get the ability to transact 24/7 across borders in a much faster manner than even bank wires, let alone ACH payments.

[latchkey]

Still one of my favorite comments along these lines: https://news.ycombinator.com/item?id=26238410