In Bosnia a most basic bank account costs about $3 per month, or 60 Ethereum transactions (most people usually have 10 - 20 transaction per month). For paying bills banks usually charge a commission fee of 1%. And if you want to send money to someone 50 kms away but across the border the fee is $20 with few days wait for money to be received.
UPI (Indian market) launched cross border support with a couple countries starting this year. 118 billion transactions happen via UPI annually.
I do think there is some niche market where ethereum payments will shine but hard to beat free and instant systems already in place at far bigger scale.
Also I'd challenge 10-20 transactions per month. I think in many near cash-less societies it might be closer to 5 per day.
M-Pesa got there first, and without the taint of cryptocurrency. It's a real, deployed, working system at scale, and has been for years. The idea that a "hope to serve" after a bit more crypto tech innovation will open an untapped market ... well, I wouldn't take it seriously. It's wishful thinking at both ends of the supply and demand equation.
My budget is $20 dollars a day.
Lmao people are so out of touch with reality.
5 transactions a day? For what? Honestly can I get off this train.