I think crypto currency's can help fill the void for people that don't have a bank account. You can also help fill the void where the transactions are very small and service fees would make it impossible to do business. I still think people that make more than $50,000 year will prefer to use banks.
You are viewing a single comment's thread from:
There are very few cryptocurrencies that works for micro payments at the moment. Its too expensive, doesnt scale or doesnt have enough liquidity, with maybe a few exeptions.
I dont see why higher income should make you prefer banks. Personally I dont, and I know many who feel the same, regardless of income. In fact I would say that opposite is just as likely to be true. People with higher income would have much more to gain from using cryptocurrencies and a higher risk tolerance.