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Can XRP or any crypto-currency help to financially integrate Southeast Asia?

Sat Mar 10, 2018 9:32 am

Hey there,

I am Thai, so excuse if I make any grammar mistake (yes, I know you are watching, grammar Nazi!).

Anyway, can XRP or any cryptocurrency help the unbanked and underbanked population of Thailand?

If you didn't know it, this region has a GIANT e-commerce potential, but because most C2C commerce is handled informally and through social media (FB groups, LINE and Whatsapp) it is hard for companies to truly exploit like in USA or Europe.

So, my question is: is there any cryptocurrency capable of integrating most population financially speaking? There are some credit card companies like Umay Plus (for reference: http://www.umayplus.com/cashcard) that are trying to accomplish this, but is there any decentralized proposal especially focused on this?

If so, I'd like to know it, because there is a real problem in this region, and whoever solves it, is going to exploit a truly profitable market!

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MintDice
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Re: Can XRP or any crypto-currency help to financially integrate Southeast Asia?

Mon Jun 11, 2018 9:59 pm

Yes, there is one in the works! Have you heard of the decentralized platform Omisego? One of its fundamental goals is to help populations that are unbanked through solving the interoperability payment problem. We cover more about this on our blog post: http://bit.ly/OmisegoGuide101

There is also Stellar--a fork of ripple--that has partnered with IBM to help facilitate cross-border transactions. This will hopefully ease the troubles often found in the remittance sector. You can learn more about it on our blog as well: http://bit.ly/IBMStellarBlockchain

There are a bunch of articles on this online, search on google!

Cheers!
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