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It's actively transforming global agriculture. While the USA failed to innovate Canada has integrated blockchain into it's agricultural sector to facilitate unparalleled traceability.
Blockchain transactions are painfully slow compared to other payment processers. BTC is only 7 transactions a second. VISA handles 65,000 transactions per second. That's one of the major reasons we're not seeing more widespread adoption.
Crypto currency isn't backed by a nation's GDP; which is effectively the mechanism that gives money value. However USA just passed laws recategorizing crypto issuers as financial institutions; that must comply with regulations such as having a % of their liabilities(crypto) as collateral (Cash). So we shall see where things go.
I thought they were gonna fix that by running a bunch of bar tabs
Stablecoins? USDT is the most traded crypto globally since 2019.
Well the value of the USD is based on the bond market which is essentially based on USA's GDP.
I'm not saying stable coins don't exist. I'm explaining the fundamental valuation difference between crypto and national currencies.
Also traded /= transacted. In the context of OPs question, the existence of stable coins has not pushed the needle on crypto from a trading asset to liquid transactable colloquial currency.
Canada didn't integrate blockchain into agriculture on a whole. The article you linked was a pilot study.
This example is a nice summary of the issue with block chain. Sure it can be done with block chain.
However, is it really doing it better than SAP or whatever large corporate program used to do it? Is there an ecosystem of thousands of specialised consultant that will tailor a solution for your need? Most managers tends to be conservative with tech, they want a brand they know (Microsoft, SAP) wich can provide a support contract and be sued, and with sales-person wearing a tie. The cryptobros and theirs block chain based startup do not match.