My Malawian gardener (in South Africa) needs to get a new passport..
He has to pay the consulate in Malawi so sent physical *cash* home via a friend (who takes 20% handling fee). The cash was then converted to Kwatcha (another 10% exchange rate fee?) then taken to the head office 🤦♂️
I only found out after the fact.
Banks fix this obviously, but he doesn’t have access to a bank account. He only understands cash. Bitcoin *really does* fix this, but the on/off-ramps still need work..
We need to do more! Onwards!