So do regular fiat payment processors that are beholden to citizens and not faceless shareholders. Wero and Pix for instance.

Democratic governments are supposed to safeguard your ability to exchange legal tender for legal goods and services. The fact that Visa/MC have a duopoly and a stranglehold on the entire online economy is a major governance failure that needs to be rectified ASAP.

Crypto goes a lot further and says no-one, not even the government, should be able to prevent a transaction from taking place. Not necessarily an invalid idea but it does come with some huge unanswered challenges, such as “what happens when someone makes 1B€ through fraud and refuses to hand over the coins” and “how do we even prevent large-scale fraud in the first place”.