Unfortunately 1) Isn’t ubiquitous. In Canada it costs me $2.50 locally, arrives in hours, clears in days. It also only works for Canadian recipients. And wires

Unfortunately 1) Isn’t ubiquitous. In Canada it costs me $2.50 locally, arrives in hours, clears in days. It also only works for Canadian recipients. And wires (which I also send regularly) cost $75 and require me to be there in person. Not to mention the amount of information I have to extract from the recipient. So when I use crypto I have a product that when compared to the current methods is faster, easier, cheaper with no transaction size or geography restrictions. 2) a centralized company taking deposits is not the same as a smart contract.