[yunohn]

Your response would be well served with a link to an article/blog that explains why I am so obviously wrong about forex fee disruption? Maybe even a short summary of how exactly the hand waving you’re doing correlates to the opinion I posted?

[OutOfHere]

The simplest way in which crypto solves forex, at least in a narrow sense, is by the vendor accepting payment in a stablecoin, such as in one that matches the price of USD or EUR 1:1. Examples are USDT and DEUR. The transaction fees are very low, and there are no pumps and dumps. Swap fees between different stablecoins also are a lot lower than what a bank would charge as a forex fee.

One is of course always free to use real cryptocurrency too, e.g. BTC and XMR, although they are subject to pumps and dumps, although the price rises over time.

[yunohn]

It’s very unclear to me if you actually understood the discussion about forex fees.

One does not “solve” forex by trading in a common shared currency, that is already possible without stablecoins - it’s just that vendors often want their local currency and therein lies the problem.

Even if everyone moved to stable coins or Monopoly money, once you need to cash out in IRL, you encounter forex fees.

A sort-of example is Trump’s insistence on oil being traded purely in USD for the USA’s hegemonic benefit - but other nations are waking up and opposing this status quo actively.

[OutOfHere]

Cashing out crypto is a nightmare from a taxation pov. It's better to just spend it directly, and this is increasingly possible on online stores that accept it. I understand that this limits its use, but I project that these limits will keep diminishing as time passes.