Crypto Adoption: How Digital Currencies Transform Local Economies
summary
Panel argues that blockchain and peer-to-peer settlement cut middlemen and real costs, citing remittance fees around 4.5% today with targets near 1% using e‑wallet rails and PSPs; businesses already use crypto for cross‑border B2B settlement while retail needs simpler UX, education and clearer rules. Tools named include Bitcoin, Ethereum, XRP, PSPs, mesh/satellite hubs and on‑chain analytics for tracking bad actors. DeFi and token fundraising promise inclusion for unbanked microsavers, but regulatory and infrastructure gaps still block mass retail uptake.
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