In practice transferwise (now wise) is able to transfer money more easily and with much lower fees. At least if your needs match normal consumer needs.

This switches if you need to transfer millions of dollars, or you're trying to pay for something illegal. Which is why one of Bitcoin's significant real-world uses is for ransomware. It does indeed make it easy to launder millions of dollars of money across national boundaries.

https://www.npr.org/2021/06/10/1004874311/how-bitcoin-has-fu...