But I find it fascinating how people cling to those extreme situations, sending money in another country outside the conventional banking system reach...I've never in my whole life sent a payment outside Europe except for two transfers to the US for my family business, that's two payments in 20 years!!! Why would the average Joe start to change his habits now and buy coffee directly from Brazil rather than the store 100 feet away?
Plus, when it comes to those payments, ignoring the coffee purchase which will never happen on how things are moving right now, how much is a conventional bank charging you to consolidate your ...inputs?
Bitcoin is great for a few things but payments, no,...transfer of value, that's another thing.
Don't forget remittance. Hundreds of millions of people do that on a regular basis. In places like the Philippines the crypto infrastructure is so good it's often the cheapest and best option.
I paid for a holiday rental in the US with BTC. Their bank insisted on a cheque being created in the UK and posted to the US. That would've been about 2-3 weeks. With my seduction techniques I got them to get a Coinbase account and it was job jobbed within the hour.