TL;DR Cardano allows me to become my own micro lending institution.
I saw an interview Charles did in which he described the lending rates in African countries, the interest rates seem very high even when compared to my own native payday loan style lending businesses.
(I live in the US).
Link to that interview here: [https://youtu.be/5-vsuU-OIhI](https://youtu.be/5-vsuU-OIhI)
So as I understand it, crypto currencies allow the transfer of value across vast distances more efficiently than traditional lending institutions. Due to this technological advantage, their business model allows them to provide a service to a demographic of people who are seen as non-viable clients to traditional banks, the un-banked. However, these emerging markets have access to cell phones and global telecommunication systems which puts them in the same realm as me, a rando in the US with some dollars that I don't immediately need for anything. So, rather than leave this money in a savings account, which gives me back little to nothing. I've used some of my liquidity to buy some ADA in the hopes that eventually, Cardano will become a major player in the world of micro-finance for the "developing world." News about their deals in Africa give me much encouragement as these are the places that would greatly benefit from stable currencies.
Essentially, I think of it like Uber, which connects people that need rides with people that have cars. Cardano connects people who have liquidity with people that need money. Yes, the blockchain will take its cut, but it will loan money to the un-banked at a less predatory rate than they currently have access to and will give me a higher return on my money than a savings account. Am I wrong in thinking this way? Help me understand.
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