For what? "Value storage" and grey/black market purchases and laundering? Because the dream of crypto being used as money for real everyday transactions looks more and more preposterous with each passing day.
For what? "Value storage" and grey/black market purchases and laundering? Because the dream of crypto being used as money for real everyday transactions looks more and more preposterous with each passing day.
For everything:
International remittance: no need to go the bank. Just send the USDC/DAI/RAI from my hardware wallet.
Community treasuries: if me and a few other people in an online community want to create a jointly controlled fund, we can easily do that by creating a DAO, complete with a multisignature wallet. This doesn't require us to live in the same country, to register a corporation or a corporate controlled bank account, or reveal our real identities to each other. It makes casual financial collaboration orders of magnitude easier.
Registration-free electronic cash payments. If I have a MetaMask browser wallet, and layer 2s finally solve the problem of extremely constrained Ethereum scalability, I'll be able to visit a website and when I encounter a paywall, I'll be able to pay $0.01 to read the article, instead of having to choose between buying a subscription or simply not reading the article (more likely). This is the kind of casual transaction between parties without an existing relationship that becomes far more practical with a well-developed cryptocurrency sector.
Cryptocurrency becomes better than traditional finance for a significant fraction of payment applications if when scalability and privacy is solved. Relevant: