Unbanked Online Purchase Market

[Anonymous No.25499214]

One point I have yet to be seen made in regards to cryptocurrency is the fact that unbanked people currently cannot shop online.

Cryptocurrencies could open up digital marketplaces to another 1.7B people. If you are skeptical of cryptocurrency, invest in digital marketplaces. This problem is on the cusp of being solved by CBDCs. CBDCs will be the developing world’s payment processor and Bitcoin will be their savings account.

The digital economy is going to fucking explode in size when CBDCs begin being distributed and used from smartphones by the world’s unbanked.

[Anonymous No.25499352]

>>25499214
>developing countries
>having the infrastructure to support online shopping
Yeah okay retard. Delivery drivers would be robbed en masse.

[Anonymous No.25499396]

phew boy, the takes in this thread.
the unbanked and thirdworlders already have online shopping you tards

[Anonymous No.25499451]

>>25499352
Do you realize Amazon has 100M users in India in a very short period beyond rollout?

Just fuck off if you are going to be an ignorant nuisance.

[Anonymous No.25499471]

>>25499396
How do unbanked third worlds pay for items online shopping?

Is /biz/ just full of cancerous idiots?

[Anonymous No.25499508]

>>25499471
cash on delivery.
why are you so certain about things you clearly know nothing about?

[Anonymous No.25499576]

OP is probably right, but Bitcoin will get phased out as a useless piece of shit. It won't have any value when there is both no supply left and nobody wanting to buy it. Why the fuck would I use Bitcoin as a store of value when I can purchase assets like gold on a digital platform now? You will likely be able to use the Flare network for global securities and stablecoins as a currency.
The only purpose Bitcoin serves is as a faceless, decentralized disruptive technology that can be easily shut down before social proofing and pushing digitsl currency into adoption. It has a lifespan. Even deflationary assets die.

[Anonymous No.25499594]

>>25499214
What actually happens (and this basement dwelling brainlet doesn't know) is mobile money scoops millions of customers in developing nations whom banks ignore. You don't even need internet and smartphone. A shitty 3rd world phone and some cellular network signal. You can cash in and out at local agents and send money to your family in far away village with an sms. Some African countries have dozens of millions of users of this type of thing and they keep growing.
The digital economy already exists and it doesn't even need 1st world infrastructure.

[Anonymous No.25499597]

>>25499508
Cash on delivery? Hilarious. You believe the market is fully accessible due to cash on delivery? Not a single major online retailer allows cash on delivery. Quit making up bullshit to protect your idiotic narrative. Cash on delivery is prone to economic frictions like theft and embezzlement and is certainly not happening to any significant degree in third world countries.

[Anonymous No.25499634]

>>25499471
People who think consoomers pump the market are absolute retards. You can learn some enlightening stuff by dyor on this topic, but I guarantee most people here are absolutely retarded.

[Anonymous No.25499672]

>>25499576
1.7B people are unbanked and don’t have a mobile money provider. All you had to do was read a short paragraph to not look like a fool. Also those african countries you are talking about are excluded from the vast majority of online retailer marketplace because their mobile credits are not accepted or have too much friction.

[Anonymous No.25499688]

>>25499508
>asks questions
>"why are you so certain about that?"
How many strawmen are living in your head rent free at this point? Either you have a motive or you have some serious unresolved cope going on.

[Anonymous No.25499697]

>>25499214
this is why i'm bullish on DMG and the DMM mtokens.

[Anonymous No.25499716]

>>25499634
Consumers do drive online retail marketplaces.

[Anonymous No.25499736]

>>25499597
seriously, why do you think you know anything about this?
I live in a developing nation and order COD all the time. all of the local delivery services offer it.
economic frictions? embezzlement? lmao are you high?

[Anonymous No.25499806]

>>25499471
Bte one of the biggest issues is how to get devices into the hands of third worlders so they can tagged like animals and their collective earnings can be pooled and loaned out because it will never leave the platform. Payments will just be stablecoins swapped within the platform. Since nobody is ever withdrawing (and they would be delayed and discouraged from doing so due to fees) their pooled wealth will be leveraged to earn more for the fintech companies who start taking over the role of the banker. It really paces the way for AI to rule the world too if you think about it.

[Anonymous No.25499830]

>>25499736
Local delivery services are not online retail marketplaces. OBVIOUSLY those exist. Why do you think conflating a local delivery service to an online retail marketplace like Amazon or Ebay is an apt comparison?

[Anonymous No.25499871]

>>25499830
>be me
>open app, look at items want to purchase
>select them, input my address, pay cash when it arrives
is that not online shopping?

[Anonymous No.25499874]

>>25499806
Smartphones are pretty widely distributed at this point. Smart phone adoption has ballooned in the past decade. Central bank digital currencies will operate how you are describing, there will no longer be cash or any cashing out. Agree with AI management down the road

[Anonymous No.25499876]

>>25499672
You're thinking too small if you think it's about making more sales on Amazon. We're talking about being on the precipice of accessing global securities through digital currencies.

[Anonymous No.25499915]

>>25499871
The global online marketplace is much bigger than a regional retail delivery service. I could have been more clear, I presumed everybody would understand the scope.

[Anonymous No.25499929]

>>25499874
Think about 5G and Starlink network bringing the infrastructure too. I agree with you this is the inevitable future. The fact you are looking into banking the unbanked means you're on the right track imo. Good luck.

[Anonymous No.25499939]

>>25499876
Yes it is way bigger, I decided to focus this topic on one issue though. By focusing on this topic I am not writing off the other implications.

[Anonymous No.25499966]

>>25499915
many of these items come from other countries.
again, why are you so set on convincing me that that something I do almost every week is impossible?

[Anonymous No.25499991]

>>25499966
Because the total addressable market is far larger than what you currently have access too or what others have access too.

[Anonymous No.25500050]

>>25499991
>the total addressable market is far larger than what you currently have access too or what others have access too.
unpack that cause it sounds like gobbly gook
the point is developing nations have a wide selection of local and international online retail and have for years

[Anonymous No.25500143]

>>25499939
Make sense. So am I understanding correctly you're interested in CBDCs and who will provide the stabelcoin payment networks? From what I've been reading the IMF seems interested in having a multitude of private stablecoins contributing to the overall reserve. Which makes sense to me.
https://www.nasdaq.com/articles/global-stablecoins-could-eventually-become-reserve-currencies%3A-imf-paper-2020-12-1
As far as the actual payment processor or private banking or whatever we should call it, it looks like there will be a shit ton of competition. Fintech financiers are taking a shotgun approach and throwing money at hundreds of companies competing to solve this. I hope the competition remains and it never becomes to centralized or monopolizes, but I'm sure it will like everything tends to.

[Anonymous No.25500173]

>>25500143
Makes* sense.

[Anonymous No.25500198]

>>25500050
Amazon, shopify stores, ebay, etsy, Walmart online, wish, digital goods (ebooks, video games, music, software, videos, etc) are all largely inaccessible to 1.7B people because they do not have a bank account or mobile payment providers. You personally may be able to access some of these or all of these, that does not mean 1.7B people can as well.

[Anonymous No.25500256]

>>25500198
see, exactly what I mean. Just because we aren't using the western options, you assume it's impossible.
look up shopee, lazada, aliexpress etc

[Anonymous No.25500280]

>>25500143
The central banks themselves could actually cut out banks with CBDCs and even could compete for users outside of their own population.

We even may see private corporations issue their own currencies like Libra but I have a feeling governments will crack down HARD as that is their main source of power. This next few decades are going to be like the 1800s in the US where private banks and currencies are all vying for market share. Its going to be insane and there will be a ton of money to be made.

[Anonymous No.25500337]

>>25500256
I did not say it is impossible for everybody. It is impossible for many. Just because you have some options does not mean you have access to the total addressable market. CBDCs/cryptocurrencies give people access to the total addressable market, the entire point of the post.

[Anonymous No.25500377]

>>25500280
Money is going to be entering a darwinian battle for dominance and it could seriously reshape economies and governments. Governments like Zimbabwe may totally collapse in their current forms if their citizens have access to money that they don’t issue and can easily transact with amongst eachother

[Anonymous No.25500483]

>>25499214

[Anonymous No.25500703]

>>25500337
I didn't say anything about access. you're the one who came at me acting like online shopping and payment was impossible here

[Anonymous No.25501330]

>>25500280
>The central banks themselves could actually cut out banks with CBDCs and even could compete for users outside of their own population.
They could and some might. I think they are mostly looking to outsource these solutions to companies dedicated to providing them. Kind of like how they all partnered with Zelle. But WF also got a patent for mobile wallets. Maybe they are taking the patent troll approach?
https://patents.justia.com/assignee/wells-fargo-bank-n-a

[Anonymous No.25501405]

>>25500280
>This next few decades are going to be like the 1800s in the US where private banks and currencies are all vying for market share. Its going to be insane and there will be a ton of money to be made.
You're definitely right about this. We are in the industry pioneer era with opportunities to be a part of the next Microsoft, Apple, PayPal, Amazon, or whatever you want to use as an example. The fact it will literally bridge all of these things might make it bigger than being in any one of them. Infrastructure is definitely a big part of it. It's a bit scary, but the world is changing rapidly.

[Anonymous No.25501963]

>>25499214
>2021
>BanKinG tHe uNBanKeD

fucking. lol. the more people that are outside the usurious (((banking system))) and operate in cash only, the better; also until truly private crypto becomes commonplace i consider all open, traceable blockchains to be an extended part of their network of control.

>I live in a developing nation and order COD all the time.

based pajeet. kind regardings sir to you and familie.

[Anonymous No.25502409]

>>25501963
Idealistic, but not realistic. Humanity's success is it's downfall. Thw population will be maxed out. Rather, the consumption demands of Earth will be maxed out until they can not be met and population implosion is inevitable.
Alternatively, we find ways to actually meet our consumption demands and we take to the stars.