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Dogan
@doganeth
1/ I recently took a short vacation to Cyprus and was surprised to see how often crypto is being used there. What surprised me even more was that hardly anyone uses Ethereum or L2's ; instead, They use Tron. Why? https://mirror.xyz/0x8958D0c419BCDFB8A86b8c0089552bE015fbe364/ODhOuYjK80atc9_jGprXotSo3PNobT1PRLFtorXHBrA
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Dogan
@doganeth
2/ It is all about Tron's Network effect. To explain it in Cyprus, it's important to know that Northern Cyprus only has recognition from Turkey and operates with a very isolated economy. And during my vocation, I came across approximately 40 crypto exchanges that accept USDT.
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Dogan
@doganeth
3/ In Cyprus, there are over 30,000 African students while the local population is only 300,000. And these students are getting money from their families. Guess how do they get? Yes, via stable coin transfers. And as Tron did a huge effort in Africa, they all use Tron for that.
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Dogan
@doganeth
4/In the local exchanges, exchange workers suggest Tron to their customers, making them Tron users. These users are using Tron for their other payments. This is a great example of a network effect. How can we beat Tron and make Ethereum payments great again?
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Dogan
@doganeth
5/ We are putting in a lot of effort on @getclave to ensure that all our product has the best UX for payments. Clave is designed to allow users to send money easily with links or nicknames, allow 1 click onboarding, and lightning-fast and cheap transactions powered by @undefined
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