Post
Powerpei
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Why is it harder to buy a coconut on the streets of Southeast Asia than to transfer 100 million dollars on-chain?
Last time I traveled to Thailand, to exchange for some Thai Baht, I stood in line at the airport for half an hour, and the exchange rate was severely cut.
When I arrived at the night market, I wanted to buy a coconut, but I found out they only accepted cash. I had my credit card and a phone full of cryptocurrency, yet I felt helpless like a useless person.
At that moment, I deeply realized: in this world, cash is still king, but cash is also the most expensive shackle.
For those small and medium-sized enterprises in Southeast Asia that rely on cash flow, the high fees, long settlement periods, and exchange rate fluctuations are like bleeding every day.
When I arrived at the night market, I wanted to buy a coconut, but I found out they only accepted cash. I had my credit card and a phone full of cryptocurrency, yet I felt helpless like a useless person.
At that moment, I deeply realized: in this world, cash is still king, but cash is also the most expensive shackle.
For those small and medium-sized enterprises in Southeast Asia that rely on cash flow, the high fees, long settlement periods, and exchange rate fluctuations are like bleeding every day.
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