People like to theorize how crypto can do that and point out that it's borderless and has less restrictions and regulations, but it all remains just a theory for one big reason - crypto is not used much in real world. It's great to be able to send money to anyone in the world, but still all the attempts to create something like a freelance job market that pays in crypto have failed and they list like a dozen jobs per month, while the fiat competitors post dozens of jobs every minute. Same thing with businesses and such - it's incredibly rare to find someone who accepts crypto because there's not much practical benefits to it. And even investing in crypto has no global effects, because poor people just don't have any money to invest.
You mentioned 2 points I find quite important:
1) " it's borderless and has less restrictions and regulations" - I agree here, it gives all people, as long as there is a internet connection, the opportunity to offer products and services and receive payments without having to deal with the Credit Card BS. So if you live in a poor community and you get the idea to offer prayers for good luck, maybe it becomes a big thing and the community is no longer poor....
2) " crypto is not used much in real world " - This is actually quite serious, if a prize for something without a proper use case goes up because of speculation, than there is a risk of a bubble that will burst at some stage......
Just a thought experiment: If you wake up tomorrow and magically Bitcoin disappeared over night - what would be the consequences in the real world, apart from some guys shatttered dreams of future riches.. ?