To be fair, I live in the US so this is pure speculation. But I think you are trivializing the complexity of purchasing fiat from a foreign country. I doubt it’

To be fair, I live in the US so this is pure speculation. But I think you are trivializing the complexity of purchasing fiat from a foreign country. I doubt it’s as easy as you are suggesting. Also, I want to point out my original point has nothing to do with buying/ selling goods in USD. It only has to do with transferring value from one currency, whatever that is, into something more stable. USD is irrelevant. I can’t imagine walking into my local bank and reasonably expect to withdraw $1000 in GBP, or whatever foreign currency I desire. They don’t just keep large amounts of foreign currency on hand. I’m sure they can do it upon request, but it’s not going to be fast, and it will probably cost an exorbitant fee. Cryptocurrency on the other hand is always available at a moments notice. You will pay a fee for the transfer sure, but the transaction is nearly instant. Being able to actually use the crypto for something useful is another problem. But it’s not that hard to imagine a scenario where folks in an embattled local economy all agree to use and trade a particular coin. But even besides being able to use it day to day, it’s still a powerful mechanism as a pure value store, when your local currency is going through the ringer. And you don’t need a centralized bank to facilitate it.