Re: the decision relied heavily on trends in the US and Europe
>and what real life problems only these currencies can solve is glaringly absent
My XXX born colleague wants to send some money home to his parents. He can't because the banks won't deal with XXX because our government doesn't like the country's leader. So he has to give some $ to a guy at the local XXX food store, who knows somebody who is going there who will pass the money on - hopefully.
Another friend wants to send money home to a friendly country where people don't have international bank accounts so he has to use a money transfer service that charges 20%.
I want to pay a few cents when I read a post/view a youtube video to support the creator. But KYC rules means that it would cost $10s for them to process a payment from my country.
I want an algorithm that pays someone when certain easily verifiable events happen online - but I don't want to pay an accountant and lawyer $1000s to handle this.
There are lots of things that I might want to do with money that are quite legal but difficult with our banking system.