What is the potential of Gig.Guru and Electroneum? The answer lies in the lives of many unbanked people in third world countries. Although often forgotten, these people yield unimaginable strengths.
Young Cambodian Businessman
The potential of Gig.Guru and Electroneum can be illustrated by analyzing the life of a young cambodian boy. In the video below, this boy shows great skill speaking 12 languages. The boy may be a genius. But what is he doing with his life?
As you can see, the boy is selling souvenirs on the road. Instead of increasing his skills and learning more at school, he is forced to work as a street salesman to help his family acquire daily needs. Many unbanked people in third world countries face the same obstacles. There are many talented people who neglect their skills because they must use most of their time to gain resources like food and water.
There are many talented people who neglect their skills because they must use most of their time to gain resources like food and water.
How Will ETN Change This?
Gig.Guru is a website in development where banked users can buy digital work with credit or debit cards. The worker is then paid in ETN which can be used to buy goods and services locally.
This means that workers such as this Cambodian boy can work on their own terms and time adding to their monthly income and putting them in position to use and expand their skills more freely. This represents a transfer of wealth laced with opportunity from the banked to the unbanked.