Bank the unbanked with yet another bank. Bitcoin fractional reserve banking system 2.0.
 | In El Salvador, over 50% of the population doesn't have a bank account and, as such, can't participate in the modern banking system and its advantages. Salvadorians have been relying on the cash economy until now, which is why you will see many informal markets flourishing in El Salvador. Since those markets only use cash, the government can't collect taxes from those transactions, and banks can't give loans because they don't know their customer's income. https://twitter.com/francis105d1/status/1551715886817415168 [link] [comments] |
