web3 skepticism from a web3 optimist

  1. Over 40% of the World does not have access to the Internet still — for those reading this it’s hard to imagine but this is the reality of a vast swath of the population who is being left behind beyond this weird new web3 experiment.
  2. About 2 billion people are unbanked, meaning they don’t have access to any sort of financial services at all making onramp impossible. Before you immediately assume this is some sort of foreign problem…
  3. 10% of the US population is unbanked and 24% of them are underbanked meaning they have access to traditional financial services (checking, savings) but to survive rely on alternative financial services such as money orders, check-cashing services, and payday loans.

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