DarkSpeedWorks wrote:
Are you saying that a that people in those countries hold a lot of crypto, or just support the idea of crypto?
Can they buy regular stuff in those countries with crypto?
It's still new. Think of the early days of email. Only a few people knew what is was and even fewer knew how to do it. Hardly anyone trusted it. Now it's nearly impossible to do business without it.
The traditional way to transact foreign countries outside the local currency is to use dollars. But dollars are heavily counterfeited in those areas. Dollars can also be stolen and seized. Also can be difficult to transfer large amounts. Crypto solves most of those problems.
El Salvador is a big test. It's the only country so far that you can officially crypto it as currency AFAIK.
As far as stability goes, I think China actually showed us how stable it actually is. It went from having the largest mining capability to banning it outright, and the price didn't move as one might have thought.