I think it really comes down to what you mean by 'internet outage'. Maybe if you're in a smaller town, the one ISP can have a service outage. Or a large hosting

I think it really comes down to what you mean by 'internet outage'. Maybe if you're in a smaller town, the one ISP can have a service outage. Or a large hosting service like aws could have an outage. But those are always going to be limited in scope, both in time and users affected - as far as I know, there has never been a time where the entirety of the internet just went down. On the other hand, demonetizations do happen and they do not have the same limitation of scope - they affect every business and cash using citizen of a country.