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Manvinder's avatar

I often discuss with my friends about the utility of blockchains -- if it takes lesser time and zero-cost to send $1 to someone via India's UPI network than Ethereum - more people will flock towards the former. That's how much speed and user experience impacts payments/finance in general.

In many ways, Solana is similar to Jio that democratised India's digital economy by practically reducing the cost of data to zero - thereby getting more people onboard, which in turn led to more apps that did everything from food delivery, cab hailing, payments, dating.

The core ingredients to make an amazing ecosystem is already there - speed, UX, low-cost, and most importantly community that has supported the ecosystem through thick and thin, something enviable for EVM counterparts.

What ensued Jio was India's budding consumer-tech ecosystem - Solana will need to follow the same trajectory since finance in general doesn't hold attention/time spend that a gaming/social media platform will have.

great piece as always, Joel and team! 🫡

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Tushar Dahiya's avatar

this was a really long article, was able to complete in 3 sittings, there was so much in this article,

awesome work, loved reading this

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