I see what you're saying. I just think you're underestimating the additional psychological barriers that she would have to overcome to see an app on her phone as a better bank than these two alternatives, as woeful as they seem to us. She probably doesn't trust Egyptian banks, and what you're suggesting to her to replace it is effectively a bank without any branches or support phone numbers, with a currency she can never hold in her hands, that her husband, employer, religious teachers and government don't want her to know about or have. Plus the inertia, whether it is or isn't haram, and risk to her financial or personal safety of stepping into this with what little savings she has earned. And then the other risks like losing her phone (or it being taken), reliable access to app stores, on and off ramps. And all this before the fact that there is a low but not zero risk that the app developer she relies on may in fact have a back door and rug her.
I'd love what you say to eventuate but I think it would require a profound cultural shift rather than just a technological one, eg her husband and employer would pay her in it before this.
I guess if she spent enough time on Nostr and that offered her a wallet that she could somehow load cash onto, and enough people she talked to frequently could convince her to use, that might be a path, but I still think on balance adoption by men will outpace women in these regions for all the reasons above.
Middle aged developed world women buying a rural property so they can't be seen drinking themselves to death is actually pretty common
And your posts are super boring too
I call bs on this one. Bankers facilitate financial transactions, issue credit, and tell you your 5 million points of ID aren't sufficient, which all serve a useful purpose
It's 11.20pm, but I'm still going to say GM, since I can:
GM
Not everyone can be as amazing as me
Wow, just had deja vu replying to this convo😳
Well 3 of the 4 are about vitamin D benefits not uv radiation benefits. And you can get the psychological benefits of sunlight while covering up.
I'm not talking about for beavers
There's nothing healthy about a tan!
Thank you vikingarna1990 for following me
With the somewhat not minor issue that using bitcoin to buy something in Itan is illegal
Ok. Curtail the banks and pension funds and US would still be largest economy.
Hawala is actually a way more permission-based system than the Western banking system, which other than requiring ID to open is basically carte blanche thereafter. If the western banking system failed, the irony would be that what would replace it may be much more permissioned than what exists currently




