I'm in Malaysia, and am promoting crypto to migrant workers, predominantly Bangladeshi's who work at my local petrol stations, as an alternative remittance.
since telling them about Vericoin veri-sms some have shown more interest over btc as most do not have internet access readily where they dorm or work, and their spouses at home are generally not computer literate or dont have a pc of their own, but all own smart phones and do make video calls, so these guys do use the internet when available. (info from the guys i know.. not in any way a generalisation)
apart from western union, there are "money changer" syndicates that offer services to workers at competitive rates, and i have even heard that some have used phone credit as a means to transfer funds, only hear say but sounds interesting, humans get very resourceful when there are leaches and parasites at every corner.
i have yet to find a willing adopter/partcipant, due to the lack of crypto 2 fiat conversion at the Bangladesh end.. if any bangladeshi indon myanmar folks are on vericoin thread.. theres a whole bunch of ppl being raped of their hard earned cash by the likes of western union, i urge you guys to promote vericoin and push for conversion services at your end
Yes. In Indonesia you can use a phone operator card to top up with credit and then use for shopping and cash back.( XL network ). Crypto could do it much better if we could find an accessible and easy way to cash into local currency. Not many people know about BTC never mind alt coins. But VRC can offer a way to transfer value and, if it could then be cashed into local currency the word would spread like wildfire in no time. First mover will win the day. Yes, it's using VRC as a means to an end and it goes back into Fiat but what a difference it could make for millions.
In-wallet decentralised exchange from FIAT to Crypto, systems to send value by SMS, privacy options are already on the table. Sending is easy thanks to VERisend
The bottleneck is getting the token (VRC ) into local currency and, in so far as is humanly possible, keeping the middleman centralised services out of the process. Prypto cards offer one way to go but I still think direct use of ATMs would be better. I personally would avoid the PayPal route.
For rural areas, if folk understand the benefits of it, local centres could be set up with an ATM and Internet connection in a nearby town. It might be combined with micro funding projects run by women to encourage small business development and reach a global source for crowdfunding. The possibilities it opens up are limitless.
I'm sorry I am not a tech so I have no idea about the likely complexities in setting up such a system but I believe it will be worth the effort. meantime, I'll just keep telling people about VRC and how good it is.
