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RE: Screwing the World’s Poor for $16 Billion? Steem and SD Can Cut the Cost of Money Transfers and Take Down the Predatory Remittance Industry

in #steem • 8 years ago

Nice article.
My opinion is that STEEM will not be the next remittance solution for the under banked as it's not the best store of value and probably light years after Bitcoin in payment adoption. Also the fees taken to transfer STEEM>BITCOIN>$ will probably be like the average WU fees.
I do think it can be the platform to help the under banked earn money from creativity and participation. We have already seen some stories of 3rd world country residence earning money from Steemit.

8 years ago in #steem by
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