Even within the unbanked households, the FDIC link points out that 1/3 use online non-bank services instead. And independently of that, it makes sense that even cash households might interface with online commercial activity: pick up gig work through DoorDash or UberEats or whatever; get paid out through a neighborhood informal-cash-service operator (multiservicio, hawala, guy who informally cashes out undocumented drivers). Or through opening a Venmo or CashApp account instead of a bank account.
That leads to a slightly stronger form of the claim: that those 5.6 million are likely to have undergone KYC/AML through other, non-bank financial providers…
But even then, why should a bank account be connected to whether or not you’re an adult in society’s eyes?
Why would you presume that?
> Not every solution needs to work for 100% of people.
A solution that censors large amounts of speech and culture from millions of people is clearly either insufficient or, if it is deemed sufficient, authoritarian.
We can't back and wait for the perfect solution that covers all corner cases and makes everyone happy and has the perfect UX. We have to fight now while we still have something to fight for.
I did not read anywhere that this solution can only be used if it's the ONLY solution. Did you?
How is the statement "not every solution needs to work for 100% of the people" controversial? People are different, with different circumstances and ideally there are a variety of solutions to cover all of them
These people are already disenfranchised and mistreated by society. Let us not marginalize them more.