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167. Insights: Is crypto an effective replacement for remittances?

Blockchain Insider Podcast by 11:FS

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The Future of Cryptocurrencies

I think the combination, right, we're probably going to see whoever finds the sweet spot between regulatory compliance and cost of usage. And I saw, for example, that six central African countries have got together to launch a collective digital currency. So it does become harder, I think, for crypto to compete as a payment rail, because then you are not just competing with, say, Western Union,. But you're competing with governments who can make their own rules about what people can and can't do for their own purposes.

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