Despite the rise of new wallets or payment services, migrants still face unequal access to banks, high transaction fees, and unfair rates. Digital currencies are not widely used or adopted in everyday payment scenarios for a variety of reasons, summarized below.

The blockchain problem today:

Numerous factors kept migrants from embracing the advent of blockchain and cryptocurrencies, such as:


Cryptocurrencies are attractive payment options for businesses, but their volatility poses a challenge. Most cryptocurrencies, including Bitcoin, are currently used as a means of payment, but their values can fluctuate drastically within minutes.

Stable Tokens

Fiat-linked cryptocurrencies like USDT are questioned for their trustworthiness and limited accessibility to exchange platforms and often come with high transaction fees.

Transaction speed

Ethereum and Bitcoin both struggle with slow transaction times and high network bottlenecks. Bitcoin can currently execute transactions at a rate of 4.6 per second, while Ethereum can only support transactions at a rate of 30 per second.


Confirmations of transactions, or what we call proof of work, are only accelerated by high fees. For a single transaction, gas fees could cost as much as $8-50 by 2021. It is estimated that upfront costs will rise to $100-200 by 2022.


User Onboarding

Many onboarding steps must be followed for a typical person to use a cryptocurrency, including managing a private key, a public key, and an incomprehensible wallet address.

Exchange and payment

Transferring cryptocurrencies is not as easy as exchanging them, as it involves opening an account with various exchanges, verifying your identity, so someone without some crypto knowledge will find it difficult to do so. Not to mention, it is extremely difficult for people who live in economically underdeveloped countries to exchange and use cryptocurrencies.