“ They really aren’t. A currency is only worth anything if normal people are willing to trade them en masse. For the majority/normal people to trade them en Maße there needs to be an universally agreed upon use for them. A use that taxes give, since no matter who you are, you must pay your taxes in the state issued currency.
Crypto and other alt currency tokens are worthless by definition”
https://reddit.com/r/technology/s/TTK0bCHDDN
Don’t necessarily agree with it, but I get why someone would have that take.
Yeah stablecoins for them can be a low cost banking tool. Like forget earning interest on it, these people lack even a safe place to store their wealth week to week. They may be able to earn interest on crypto, but even if they don't the storage was better than they might get from local banks run by the government.