Also, it is finally a replacement for all the IOUs in the financial system. The financial system is currently IOUs all the way down. Caitlin Long talks about this on a recent Real Vision interview.

"The market structure is fundamentally built on layers of intermediaries and settlement of both securities and payments happen on a delayed net settlement basis. By contrast in crypto, the markets are decentralized, no layers of intermediaries, settlement happens on a real time gross settlement basis..."