Except that you cant, in a practical sense.
I can sell crypto to anyone, anywhere.
That cannot be used to purchase anything, anywhere.
Its only useful for a very narrow subset.
I can sell crypto to anyone, anywhere.
That cannot be used to purchase anything, anywhere.
Its only useful for a very narrow subset.
So, yeah, the "no questions asked" part is wrong. You can send money to anyone on earth, after a middleman takes a cut on your fiat exchange, the transfer, and the next fiat exchange, with questions asked, public for the world to see.
Unless you're actually going to directly use the cryptocurrency (which is generally impossible), it needs to be converted to/from fiat, which requires a bank transfer.
So after 20 mins of clicking some buttons I get my fiat currency in my bank account. And it costs 2 usd + some negligible amount.