Crypto doesn't need a payment infrastructure, it is one on its own

The world has downright been deprived of so many good things, great talents and potentials due to "restrictions". In the digital space, this is rather in large numbers than we could ever imagine and this is particularly due to the barrier that has been built to restrict many parts of the world from easily accessing global services at ease or even offering them. The idea of building a currency for the internet was simply to bridge this gap. Bitcoin has grown exponentially over the past years, although even over many expectations but above its growth in network participants, transacting users and miners inclusive, the very first unique thing about bitcoin was solving the flaws(restrictions) of payment infrastructures which has limited economic growth in many regions.

Payment infrastructures cannot process cross border payments at ease because they demand a lot of user data to open an account, data of which majority of the supposed users will not know what the fuck it is, how to get it or even say, it may be outrightly expensive to begin with. So the world of opportunities has been shut on these ones, so simply because they cannot leverage any of these infrastructures to receive value for work, they are deprived of growth as an individual and the nation of residents is deprived of "potential" economic expansion from individuals like this easily making big steps to build value networks.

The Cryptocurrency Era

Crypto is quite a fascinating creation, it is a currency, it is an asset, it is a storage system, it is a security protocol, it is a unique identifier, and it runs on its own payment infrastructure - the blockchain, of which, aids many of its features materialize, so in reality, crypto cannot exist without a blockchain and a blockchain without a cryptocurrency is essentially a disabled distributed infrastructure. Cryptocurrencies or assets are needed as an incentive to keep network data authentic and services functioning in a reliable manner.

Although a lot of people will not approve, there isn't ever going to be a "fiat-based" payment processor/infrastructure that does it all and is accessible world-wide because to develop that sort of system means to forsake a lot of collection of "user data" of which these entities really need.

Crypto with blockchain technology has solved this and has shown that there really isn't any global restriction or limitation from a technology standpoint that stops the free flow of value, this was rather purposely planted into the system to retain value within certain economies that of course benefits the law makers more than it will ever benefit lower class citizens.

The uniqueness of crypto addresses which are essentially storage units show how "value accounts" do not need to be tied to any particular service provider like various banks and their non-exportable account models. Crypto addresses exist not as an account on a wallet provider, but as a stand alone safe on a network that can be moved across various wallet softwares.

In addition to this, the interoperability of blockchain networks may at some point allow diverse external network addresses to create new storage units on its own blockchain with derivatives of all assets contained in the old wallet that each time whichever is moved from one address, the other loses that unspent UXTO. Crypto is the internet money of which just as the internet cannot be closed down, this tech will only experience growth moving forward and that's a major win for businesses globally.