That’s exactly what the potential of blockchain is about. Te Nanking system is there to just make money. And they do not want to associate with people with little money (unbankable people). And money laundering is force upon to them by gvt regulations as those money didn’t pay tax and gvt wants tax money.

The world is a crazy place. Will blockchain become main stream ? Not if the powers of gvt and bank had anything to say.