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RE: MBS Day 2 - Takeaways from the Malta Blockchain Summit

in #maltablockchainsummit6 years ago (edited)

I like the point you made about where do the users come from. There is no shortage of good ideas to add to cryptocurrency services, but to make all these coins and services profitable they need customers and it seems that requires a lot more people using cryptocurrency. I think your idea is a good one, that if they think it’s a good idea to invest in businesses providing services to cryptocurrency users then they should invest in cryptocurrency and use it for everyday transactions, just like the customers they hope to woo. Perhaps they should become the change they wish to see. Eight thousand was the number of vendors you mentioned. I agree that would be a huge increase for any cryptocurrency to have 8000 new people using their coin for daily transactions. The other interesting thing you commented on is the unbanked.
I see articles about “reaching the unbanked” but I don’t know of any crypto’s seeking them out. I think there remains a knowledge hurdle to get into crypto and although Steemit improved that even here there are significant knowledge hurdles. I think any efforts at mass adoption by the unbanked are going to require a lot of education about crypto and the Blockchain. Then there has to be easy ways to go back and forth between local fiat and crypto.
I look forward to seeing these things happen.

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