[HeyZuess]

> There are multiple services out there than can send/receive crypto as well as seamlessly convert it to fiat and load a debit card, all through the same service. This basically solves all the issues you illustrate.

This is a last mile issue, those services simply do no exist or are not accessible in other parts of the world.

I agree with you that Crypto is efficient for the transfer of money. But I disagree with you on its frictionless use and availability.

A quick Google search points to the global remittence market being worth over 700 Billion USD annually. A lot of this is not done via banks, they go through 3rd party services such at Western Union, or Zoom or one of many other services. People have been doing money transfers for a long time prior to crypto and without banks and still have not resolved the last mile issue, and crypto hasn't either.

> Diversify - store some of your money across different crypto’s, stable coins, and when you want to use it you can easily do that through a debit card or take out hard cash with the same debit card.

That's pretty hard to do, when there is an ATM for 100KM for some people. But this is the irony, you say that Crypto is without banks, and is more efficient but then you revert back to a banking solution like debit cards to fix the last mile issue. Take away the ATM, take away the debit card, take away the bank, take away the merchants who accept it, you have crypto now in your wallet and you pretty much cannot do a single thing with it. But I guess you can transfer crypto fast.

[trixie_]

Ah yes the third world has bigger problems.

I’m talking about easily moving and using crytpo in countries that have access to ATMs and debit cards, in which case it’s very useful.