How does one convert $10M dollars in a Nigerian bank account into USDC? That seems like a necessary first step.

I show a legitimate use case other than “ICO pyramid scams” and you move the goal posts. It shows that you have an opinion about cryptocurrency that cannot be changed by logic, and are essentially a troll.

You claim that one can wire 10 million dollars from Nigeria in two seconds. If you’re not even going to answer the most obvious question about how someone could do this, it’s hardly a real world use case.

I’m not sure if you understand how the boring old SWIFT-addressed wire competes here. I haven’t sent 10 million, but hundreds of thousands anyway. It costs no more than $25, is settled within hours, and has all sorts of safeguards that don’t exist in crypto. The funds are immediately available for use rather than USDC which AFAIK isn’t accepted for payment on anything, anywhere.