This is very possible. The Blockchain technology is a revolutionary one with a lot of significance. As the people become more familiar with it, the adoption and utilization of the Blockchain and cryptocurrency will increase which will gradually lead the world to cashless.
Yes this is possible , but due to the scenario nowadays we can see that the ability of this platform to gain trust from people is very low at this poiint since several scams were very visible here and fraud come to the picture which prevent people for having back the things that they have given for a certain service.