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This is why we need Crypto
Right now Payment systems, Banks and online payment gateways are a nightmare for people in Russia, Iran, Pakistan, Afghanistan, Bangladesh, Middle East, Turkey and a bunch of other countries.
Western banks controlled by the US block anyone who doesn’t follow their rules and this hurts people financial growth and opportunities. That’s the real problem.
The Banking system and major Payment Gateways Visa, Mastercard, Stripe, PayPal ,Wise as well as Crypto Centralized ecommerce gateway like Coinbase Commerce etc are controlled by and follow the rules of the US and Western powers. They are only fully available in countries they favor. In many other countries these services are blocked or limited.
Many countries are also heavily restricted by the IMF, FATF and other global financial institutions which slows down growth. The real victims are ordinary people in countries like Russia, Iran, Pakistan, Afghanistan, Bangladesh, Middle East, Turkey and African countries.
The Best solution is Crypto.
Decentralized Banking and Crypto payment gateways regulated in a safe way can prevent crime, allow people to use them freely and ensure that Western powers cannot control the system.
It lets people sell their products and services globally and get paid without relying on centralized banking system and payment gateways.