kaal:claim:3396522-016

Because cryptocurrency transactions are possible without a banking relationship, stable cryptocurrencies can remedy the disproportionate burden that cash economies impose on the poor and the unbanked by equalizing access to the payment system.

Source quote, verbatim

Access to cryptocurrency transactions is possible without a banking relationship. With equality of payment system access, the poor and unbanked are no longer disadvantaged through the use of cash.

From

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019), IV. Stable Cryptocurrencies, 3. Equity, p. 30
https://ssrn.com/abstract=3396522 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Vadhindran K. Rao, Stable Cryptocurrencies (2019). SSRN: https://ssrn.com/abstract=3396522

Holds when

assumes the poor and unbanked can access the technology itself

Classification

designsupport: arguedsystemic-risktokenomics

Related claims

extended_by kaal:claim:3406323-014 Centralized fiat payment systems require consumers to hold an existing banking relationship, while holding and...

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