Maybe you'd like to read my post again? Criminality is a trope.
Many people that you don't interface with, because they are low stature and status, transfer monies internationally. Pakistanis, Indians, Filipinos in the UAE, South Americans in the US.
These people all send money in small amounts. Paying a percentage to a bank on an electronic transfer is idiotic. Why does a bank earn more money for the same service relative to the amount transferred? Why would YOU agree to such a ridiculous term of service? Crypto is increasingly transactable, making conversion irrelevant. Not to mention all the ways we already achieve this be it through PayPal or venmo or Linepay, in-game currencies, reward points.... on and on.
It seems you just have a negative view of the technology or a vested interest in the established world of finance. If you are unable to see ANY value in the technology it is because you lack imagination or chose to ignore it
> It seems you just have a negative view of the technology or a vested interest in the established world of finance
I have neither.
BTW half of my family lives in South America and I'm in Italy, we have no problem in sending money back and forth and it is cheaper to use a bank than exchanging via crypto.
Also I cannot ask my 85 years old grandma to join Coinbase or Kraken or whatever, but she has a bank account and it works pretty neatly (and yet again, it's waaaaay cheaper than Coinbase fees for example)
That "Filipinos in the UAE" is bullshit. Their problem is not about crypto vs banks, their primary problem is the UAE.
