# How ENS Can Address the Problems in Latin America.

**Published by:** [imrulo.eth 🦇🔊](https://paragraph.com/@imrulo/)
**Published on:** 2022-09-17
**URL:** https://paragraph.com/@imrulo/how-ens-can-address-the-problems-in-latin-america

## Content

ENS offers a secure & decentralized way to address resources both on and off the blockchain using simple, human-readable names.One of the best ways to see the potential of ENS in Latin America is to understand the problems that exist today.The majority of people in the world do not have access to banking services. According to the World Bank, 1.7 billion adults remain unbanked. In some countries, like Paraguay, this number is as high as 50%. For these people, receiving or sending money from abroad is a complicated and expensive process. Sending money with Ethereum is fast, cheap, and easy. All you need is an Internet connection and a wallet. This means that people in Paraguay can easily send money to their friends and family abroad without having to go through a bank. There are many wallets to choose from, but we recommend using MetaMask. MetaMask is a browser extension that lets you store Ether and perform Ethereum transactions. It's available for Chrome, Firefox, Opera, and Brave.Problems that exist today.Archaic banking systemThe banking system in Latin America is slow, outdated, and bureaucratic. Sending money internationally can take days or even weeks.High feesThe fees associated with sending money internationally are high. This is because the banks take a cut of the money being sent.Lack of access to bankingMany people in Latin America do not have access to banking. They are known as the "unbanked". The unbanked often have to resort to using cash, which can be dangerous.ENS can help with all of these problems.With ENS, sending money internationally is as easy as sending an email and the process is much faster. The Ethereum blockchain provides a secure and easy way to send money around the world. This can be a great solution for people in countries where banking services are not readily available. To get started, all you need is ENS.

## Publication Information

- [imrulo.eth 🦇🔊](https://paragraph.com/@imrulo/): Publication homepage
- [All Posts](https://paragraph.com/@imrulo/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@imrulo): Subscribe to updates
- [Twitter](https://twitter.com/guinoki_eth): Follow on Twitter