A future of crypto is actually kind of crazy. Imagine traveling to any country and being able to use the (crypto)currency you already hold, or buying/selling good without worrying about forex and paying exchange fees. And developing nations actually havin

I was reading some articles on Bitcoin embassies by El Salvador. It is basically just understating the fact that since BTC is legal tender, you can make and receive payments in BTC at any Salvadorian embassy. It opened up my eyes to a real crypto future.

Imagine being able to travel to any country, and you can spend the funds you already have without any exchange. If you are a businessperson, you can freely import and export goods to any supplier or customer around the world without worrying about forex rate risks and/or paying your employees in a different currency, whether the business is in your local country or in say the US.

If you didn't know for those not in the US, and those not the EU to a lesser extent, forex is the worst when you're from a developing nation, because you are always importing and so always need it but supply is always low since, by definition your nation is undeveloped/developing and currently does not have the industrial capacity to produce goods for itself. And outside companies won't accept your local currency. There are also issues with paying employees when you run foreign companies and also paying taxes in the local currency.

It will also significantly help developing nations like the collapsed Sri Lanka and failing Pakistan and Cuba(among many others) most of who's issues come from their massively depreciated currency and large import bills, such that they don't have the forex to purchase the necessary goods like basic energy of oil and gas to keep the light on and endure rolling blackout for many hours and sometimes days(Cuba specifically). And then migrant works don't have to pay fees on the little remittance money they make that can go as high as 15% of the funds. Coinbase recently published that crypto can reduce cross-border transfer by as much as 96%.

For some people crypto is just a hobby, and others it's a convenience. And for another group still it is literally a lifeline.