Cross payment is now no longer effective bitcoin now makes it easier for us in financial freedom without any third party this is the advantage of bitcoin over other assets.
Other means of cross-border payments are actually effective just that Bitcoin have huge advantage over them such as accessibility, privacy, cost of transaction, speed of transaction amongst others. Bitcoin did not remove their functions and uses but rather provided a better alternative.
Bitcoin is actually leading the way for the new phase of finance and with time, the world will realise that.