The GDP per capita of Burundi is $221. A couple years ago a single Bitcoin transaction cost $60. The thermodynamics of these kinds of systems make them dramatically more expensive than classical finance because you have to replicate the data so many times. The only reason a Bitcoin payment doesn't cost significantly more than that is nobody's using it, lol.

It's slow, it's inefficient, and worse yet, there's no authority to help try and stabilize the currency. The worst off are hurt the most by wild volatility swings, and crypto is volatility incarnate. The promise that volatility would decrease as a function of market cap simply did not materialize.

Enough with the silly privilege arguments, let's stick to facts.

I specifically called out M-PESA because it's a regional solution to an actual problem they have. [1] And not a blockchain in sight.

[1] https://www.vodafone.com/about-vodafone/what-we-do/consumer-...