"Cryptocurrency" is really an outdated name. Most of these don't claim to be currencies and aren't trying to replace standard money. Even bitcoin has pivoted

"Cryptocurrency" is really an outdated name. Most of these don't claim to be currencies and aren't trying to replace standard money. Even bitcoin has pivoted to be a store of wealth with scarcity built in, akin to gold. Very few really think it should/will become a true replacement for typical currency at this point. Edit: They do become a very valid replacement for a store of wealth in less stable economies however. Venezuela has seen a lot of utility from Bitcoin since their currency is even more volatile than Bitcoin is. You could imagine the quantity of countries that applies to grows as Bitcoin (or another coin) gets more adoption and it's price becomes less volatile. Particularly things like stable coins, which are pinned to the US dollar (1 stable coin effectively always equals $1).