It's the base layer of payment system. There will be a layer on top of it for things like that. When you split a check on venmo, that money isn't really there until a few days. The venmo system is a few layers removed from the equivalent of Bitcoin..

What Bitcoin provides is sound money with a fixed predictable supply not at the whims of politicians and fed officials. There is no way to increase the supply of Bitcoin by 23% like we had with the us dollar over the last year