Dash as world money transfer for unbanked people

carlomile2

Member
Mar 21, 2017
93
19
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Haiti
Dash Address
Xkzf7mz4kMjq8FjhqMhLHPmQ3oipJRTJm9
This isn't a proposal but a open discussion I want that we share ideas on.

So I live in a poor country and as you can see I am doing my best to promote Dash here and let people use it. So as you know probably, these country like Haiti and some african country use a lot money transfer services and the rate Is so high. So I see Dash as a solution in this way and their family in foreign country can easily send money for them

Here the government take 1.5 $ on each transfer. And the Service provider take from 0 to 300$ the fee is about 10$ and up to 300$ you will pay about 3$.

So I see that as a crime and in Haiti a lot of people receiving fund from their families in foreign country like USA, Canada, France, Brazil, Chile etc and in a report the total of transfer made by Haitian in Chile for their family was about 36 million us for a year

http://lenouvelliste.com/article/17...-ont-transfere-36-millions-de-dollars-en-2016
http://lenouvelliste.com/article/172925/La%20diaspora%20haïtienne%20au%20Chili,%202e%20plus%20grand%20fournisseur%20de%20transferts%20après%20celle%20des%20États-Unis
http://lenouvelliste.com/article/17...seur de transferts après celle des États-Unis

So I see that is a crime when we have the solution with Dash. So what we can do yo solve this problem ? Can we create a service for transfer fund so users dont need to Have Dash but they can make the transfer in the Dash system. the sender buy dash in a retail store and give the local adress and the receiver will take it with low fee.

I want to hear your voice about that.
 

Beru

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Oct 5, 2017
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I live in montreal where theres a large haitian community. Theres a lot of small shops that can be used as offices for money transmiting services using dash but the problem is about the legality of it. You could do it in a hush hush way but to be complient with local legisltion is probably impossible at this point.
 
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carlomile2

Member
Mar 21, 2017
93
19
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Haiti
Dash Address
Xkzf7mz4kMjq8FjhqMhLHPmQ3oipJRTJm9
So i see your point but when we will able to do that ? so we cant say that we will wait the government accept crypto as a legal thing, so we want to see how to do it. like now we are doing a lot of thing without the legality, is like Bitcart that sell gift card, so they aren't a legal entity, people use their service's based on their own risk or the trust that they give them, So for example if someone tell that, okay all people that need to send money to Haiti just come do it with Dash and give the address of the person and they will have it withing a minute. And at local the receiver come and take his fund, with a number, or he can show that the amount is for him. something like that, So where we need to be legal ?
 
R

RGXDK

Guest
Before even considering "serving the unbanked" crypto has to become much more user friendly. They are often illiterates, uneducated and with average low IQ, they're not going to use cryptocurrency at all. Show crypto to a bunch of IT professionals and they'd be hesitant to put $100 there, to expect these unbanked to put their monthly salaries is just wishful thinking.

Dash does not have a product for "the unbanked". Dash does not have a product for people with no education, computer illiterates and low IQ. We shouldn't make any attempt to market or "promote awareness" there because it'll be a waste of resources.

If and when Evolution comes, if it's easy enough, then we should consider.
 

Beru

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Oct 5, 2017
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I was talking about remitance system using dash as intermediary. So a person in montreal who wants to send funds using canadian dolllar to a relative using haitian gourde. Sure the best outcome is to use dash directly as a currency and thats what we try to acheive
 

Leonidas

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Oct 22, 2016
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Dandy

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Mar 1, 2017
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Belgrade, Serbia
IQ does matter when it's an issue of understanding how to use the wallet software. Some people still have issues with using ATMs, for example.
So the issue of usability with the current Dash build for low IQ people is valid, regardless of the fact if they are poor or not.
But I disagree that raising awareness has no benefit, as there are surely a lot of intelligent people there, that maybe just weren't exposed to crypto before and have no idea that it exists as an alternative.
 
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carlomile2

Member
Mar 21, 2017
93
19
58
29
Haiti
Dash Address
Xkzf7mz4kMjq8FjhqMhLHPmQ3oipJRTJm9
Guys, so you are now talking about unbanked people to use Dash, so my point was about money transfert, not for unbanked to use Dash, so i think some effort must be done before or we will wait with the evolution. So i expect like you that traditional money transfer are making million and for that, i think that Dash can show a solution and with this industry where million are making by these traditional service provider, so i think that a solution can be up with dash, so ppl don't need to use Dash but the transfer will make into Dash system, so the sender pay in fiat and the money will convert in Dash and another service at local will convert it in local currency, so the people don't need to know dash then. and i think that the fee surely will reduce.
 

carlomile2

Member
Mar 21, 2017
93
19
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29
Haiti
Dash Address
Xkzf7mz4kMjq8FjhqMhLHPmQ3oipJRTJm9
Yes so it a very important topic and we must discuss to solve it, so many of us don't know this situation because have ATM and card, but for these unbanked ppl it very hard for them so we must think about these solutions for these people.
 

ButterflyFly

New Member
Nov 12, 2017
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I think it's currenctly impossible.

Crypto is complicated. And getting in even more. There would have to be a service on top of Dash, that would bring Dash into real world. People would not interact with blockchain directly, but through that service. I can't see any regular person at this point using crypto as a way how to transfer money on mothly basis to another regular person.
 

camosoul

Grizzled Member
Sep 19, 2014
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Getting into crypto is only difficult when you insist on doing it backwards.

...which stupid people always do.
 

carlomile2

Member
Mar 21, 2017
93
19
58
29
Haiti
Dash Address
Xkzf7mz4kMjq8FjhqMhLHPmQ3oipJRTJm9
So crypto will become more friendly for people and the new evolution project so it will bemore more easier and granma can use it even, so dont see that it difficult but see way to make it easy. that's the point.
 

amzar

New Member
Nov 16, 2017
25
5
3
Malaysia
www.rocketintegration.com
Dash Address
Xt3zMYG3avwA4fy45eNL9v4Yu4izbU2Dy8
@carlomile2 this is one of the good idea on how to make it happen which is to reduce the cost when transfer the money abroad.

First thing is for giving an awareness to public about what Dash can do.

Next is for sure we will have to cope up with current system which is people already get used with withdrawal their fund via ATM machine.

Thus, we can tap to any debit card provider that accept Dash as the funding method.

So, people can easily withdraw their money via ATM. I think even a grandma can do so.

What do you think about the idea ?
 

last_dash

New Member
Nov 19, 2017
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Before even considering "serving the unbanked" crypto has to become much more user friendly. They are often illiterates, uneducated and with average low IQ, they're not going to use cryptocurrency at all. Show crypto to a bunch of IT professionals and they'd be hesitant to put $100 there, to expect these unbanked to put their monthly salaries is just wishful thinking.

Dash does not have a product for "the unbanked". Dash does not have a product for people with no education, computer illiterates and low IQ. We shouldn't make any attempt to market or "promote awareness" there because it'll be a waste of resources.

If and when Evolution comes, if it's easy enough, then we should consider.
A little off-topic but I tend to agree strongly with this. Dash is a technical system, and I worry that many unbanked lack those skills.

Still, of course, there is a share of the unbanked that are savvy. Breaking into that demographic is, for us, a matter of capturing that group.

In absence of a better way to find those people, I think handing out free Dash, making videos, supporting on-the-ground outreach groups, and other marketing efforts make sense.
 

last_dash

New Member
Nov 19, 2017
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This isn't a proposal but a open discussion I want that we share ideas on.

So I live in a poor country and as you can see I am doing my best to promote Dash here and let people use it. So as you know probably, these country like Haiti and some african country use a lot money transfer services and the rate Is so high. So I see Dash as a solution in this way and their family in foreign country can easily send money for them

Here the government take 1.5 $ on each transfer. And the Service provider take from 0 to 300$ the fee is about 10$ and up to 300$ you will pay about 3$.

So I see that as a crime and in Haiti a lot of people receiving fund from their families in foreign country like USA, Canada, France, Brazil, Chile etc and in a report the total of transfer made by Haitian in Chile for their family was about 36 million us for a year

...

So I see that is a crime when we have the solution with Dash. So what we can do yo solve this problem ? Can we create a service for transfer fund so users dont need to Have Dash but they can make the transfer in the Dash system. the sender buy dash in a retail store and give the local adress and the receiver will take it with low fee.

I want to hear your voice about that.
People in poor countries posting about the importance of cryptocurrencies is my best tool for getting my girlfriend interested in coins, so thank you for posting this :)

As to your question, I am also interested in why these services don't exist.

First off, do people in Haiti have access to smartphones? If so, then having access to a coin trading platform that carries Dash would solve the problem. A major theme among budget proposals is financially supporting Dash's expansion to exchanges in countries where the coin is not currently traded, so if there is no Dash exchange available for Haitians, we should definitely support somebody who wants to build one.

Second, if somebody did create a business of providing currency transfer through, say, CAN -> DSH -> HTG, the agents on both sides would still charge a fee for providing this service. Perhaps if it were an app that made this serious of transfers, it could be done cheaply with high enough volume, but I think the cost of exchanging currencies will still be a problem.
 
Nov 19, 2017
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40
Any crypto currency will not be a good solution for poor people cross border payments.
At first crypto currency prices are too volatile. Sometimes you can buy some coins and win but sometimes price can drop. For poor people it can be a significant amount.
Secondly we need to convert FIAT -> DASH -> FIAT. Most of such users will be not able to use exchange platforms. Thus we need some "agent" again.
 

solarguy

Active Member
Mar 15, 2017
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Any crypto currency will not be a good solution for poor people cross border payments.
At first crypto currency prices are too volatile. Sometimes you can buy some coins and win but sometimes price can drop. For poor people it can be a significant amount.
Secondly we need to convert FIAT -> DASH -> FIAT. Most of such users will be not able to use exchange platforms. Thus we need some "agent" again.
I don't think you quite realize the plight many people face that live in counties with crap fiat. In veneuzuela, various estimates put the inflation rate at somewhere between 600% and 1500% per annum. You really think Dash will, on average, lose half of it's value every month? If I lived in Zim or Venezuela, I'd take that chance in a heartbeat.

Zimbabwe ran their currency into the ground so hard it is effectively worthless now.

India did a little experiment where they basically outlawed the two most common size bank notes in the war on cash (equivalent to say...10's, 20's and maybe 50's). People couldn't pay employees. People couldn't buy groceries. It was a train wreck.

The Greeks have had their hard earned savings decimated at least twice in recent memory. It's a long list.

I'm telling you, whatever crypto makes it usable on the ground in India, Venezuela and Zimbabwe first will grow their market cap by orders of magnitude. Go watch a couple videos by Andreas Antonopoulos regarding the remittance industry:


 

demo

Well-known Member
Apr 23, 2016
3,113
263
153
Dash Address
XnpT2YQaYpyh7F9twM6EtDMn1TCDCEEgNX
Show crypto to a bunch of IT professionals and they'd be hesitant to put $100 there, to expect these unbanked to put their monthly salaries is just wishful thinking.
The goal is not to convince the unbanked to put their monthly salaries into dash. The goal is to convince them to work for dash community, and be paid in dash. This is how we create a dash economy.
 

demo

Well-known Member
Apr 23, 2016
3,113
263
153
Dash Address
XnpT2YQaYpyh7F9twM6EtDMn1TCDCEEgNX
Any crypto currency will not be a good solution for poor people cross border payments.
At first crypto currency prices are too volatile. Sometimes you can buy some coins and win but sometimes price can drop. For poor people it can be a significant amount.
Secondly we need to convert FIAT -> DASH -> FIAT. Most of such users will be not able to use exchange platforms. Thus we need some "agent" again.
The goal is not to convert FIAT -> DASH -> FIAT. The goal is they stay in Dash, use Dash as their medium of exchange, and do most of their everyday life transcations in Dash. Thats why we need merchants. Thats why we need to broadcast the blockchain from space.
 

last_dash

New Member
Nov 19, 2017
12
3
3
32
The goal is not to convert FIAT -> DASH -> FIAT. The goal is they stay in Dash, use Dash as their medium of exchange, and do most of their everyday life transcations in Dash. Thats why we need merchants. Thats why we need to broadcast the blockchain from space.
Sounds like you want to run before you can walk. Nobody is going to agree to be payed in Dash and expecting thousands of merchants to accept a weird cryptocurrency that nobody uses is fruitless.

Any usage should be encouraged, especially if it's low-hanging-fruit. FIAT -> DASH -> FIAT would be fine.

That said, I'm sad the satellite idea didn't win out.
 

demo

Well-known Member
Apr 23, 2016
3,113
263
153
Dash Address
XnpT2YQaYpyh7F9twM6EtDMn1TCDCEEgNX
That said, I'm sad the satellite idea didn't win out.
It cannot be considerd as sad, as long as it was expected, to anyone who is aware of the spies' structured methodology.

Spies are afraid of the satellite alternative, so I am neither surprised nor sad of whats happened to the satellite proposal.
 

carlomile2

Member
Mar 21, 2017
93
19
58
29
Haiti
Dash Address
Xkzf7mz4kMjq8FjhqMhLHPmQ3oipJRTJm9
Ok guy, i want to clarify, so isn't yet i precise for now that we will put unbanked people into dash, because i think than require some knowledge for now, but we hope with the evolution thing as promise will be more easier to use by my grandma,
But what i see that dunno we can do, is that creating a service and make the transfer with Dash, so people that send and receive don't want to have Dash so if they have it that's better but isn't necessary, and the scenario is that the sender give fiat and information about the receiver and and in the destination country like Haiti, the unbanked come to take his fiat, so some fees will be taken but not higher than traditional transfert d'entreprises, that's the point guys, and more and more people will know anther benefit of Dash and with this services, educational thing will create to educate people about Dash then so that the point and after. The unbanked people can order a card and his family send directly when he knows how to manage a card, and he can have a card and his family load for it anywhere and will cash out in ATM and pay in POS>

That's the point guys, so for me i always think about how to resolve problem in my country anr i very want a kind of service like this will implement.
 

amzar

New Member
Nov 16, 2017
25
5
3
Malaysia
www.rocketintegration.com
Dash Address
Xt3zMYG3avwA4fy45eNL9v4Yu4izbU2Dy8
Things can be done if there's local people in home country that willing to accept Dash and pay fiat to beneficiary.

So basically it almost the same as my pre-proposal but it required someone in home country that having basic knowledge and a bit capital to accept / buy Dash from sender ( somewhere in foreign country ) and pay it to beneficiary ( local bank account ).

I think it can be done as long we have someone as mentioned above. We might can start with one single person first to do the transaction and later spread to a lot of people by spread the word about how can the person help people in home country with a bit of fee.

As per my personal experience, i have been doing so for quite some time using Bitcoin but the problem is the shrinkage on value is quite high due to some reason. That's im thinking about what am i planning now.

What do you think @carlomile2 ?
 

stan.distortion

Well-known Member
Oct 30, 2014
867
513
163
You're saying "unbanked" but I'm guessing that's not entirely accurate, folks may not have a high street bank account but I'm betting they do their banking with someone, maybe a family member or someone well known that looks after the bulk of their savings or is in a position to loan. In other words shadow banking, illegal in many parts of the world but huge none the less and an area of huge potential for cryptocurrency imho.

Not an easy area to get into, usually hidden from public view and often a generation that's uncomfortable with new technology but often people who could teach leading economists a thing or two about money and would see the potential of Dash immediately. Bottom up, pure grass roots. Get that elderly uncle that looks after the families money or the folks down the street who's been providing loans to your family for generations handling remittances, I've no doubt they'll thank you for it and charge a hell of a lot less than any highstreet bank. It would have been impossible just a few short years ago, now it's relatively simple, usually fairly easy to exchange the paycheck for Dash, the only hard part is how to use it after sending it back home and if shadow banking's handling that it wont be long before regular folks are accepting it.