[panarky]

The story is bigger than just in-person payments, it's also about remote payments, cross-border transfers, and savings.

Sure "conventional" paper currency is already a good solution for in-person payments, but it doesn't work for remote payments, international transfers or savings.

Cashapp has compelling answers for remote domestic payments and savings in the US, and TransferWise is great for international transfers among wealthy nations.

These three are the use cases we're seeing blossom in El Salvador where Cashapp and TransferWise aren't available.

I suspect this is an Innovator's Dilemma situation, where crytpocurrency solutions are honed and adapted in emerging markets, then eventually compete with established players in rich nations.