> No. We don't need crypto to thrive at all. I know two people from Argentina and Colombia, and both of them use USDC to get their hands on US Dollars. Apparen

> No. We don't need crypto to thrive at all. I know two people from Argentina and Colombia, and both of them use USDC to get their hands on US Dollars. Apparently, crypto dollars are popular among countries with massive inflation. I really have no idea about the countries you mentioned (Brazil, India, Africa), but I assume those apps introduced there don't offer the option for foreign exchange? When a currency is under massive inflationary pressure, policymakers will introduce heavy restrictions on FX. This would happen to any app like those you mentioned in countries like Argentinia and Colombia, rendering those apps worthless like Pesos. And this is also the very reason, why those countries have a parallel black market currency like Dólar Blue [1]. Edit: ok, I got the crypto part wrong. Apparently, they only use USD paper money. I always assumed they are using crypto for this for some reason. I apologize. [1] https://bluedollar.net/ https://bluedollar.net/