I'm talking Africa now because the countries in that region are usually referred to as developing countries, instead of developed countries and we can see why because, they share the same institutional issues like; currency instability inflation pressure and weak banking trust.
Such issues are national and governmental ones, not institutional ones, you misunderstood that.
They also share high youth population, and just recently starting to experience and increased entrepreneurship culture and the need for cross border payments.
As a result But in in the African region may not be adopted through institutions, we could see it's adoption through measures like; informal trade, freelancing, remittances.
Right now Bitcoins adoption is taking the underground route, but not for long, as its getting to a stage where it's unavoidable.
Bitcoin, cryptocurrencies and blockchains provide very good solutions for African people with permissionless and cross border transactions. It means a lot for people who belong to unbanked or underbanked class by opening gates to the world monetary systems without needs of having a bank account or using bank transfer.
Of course people can deal with each other and complete their trades completely by bitcoin or altcoins but they can use bank accounts and bank transfers for their deals as well. There are other options such as gift cards and in the Global South nations, trading with gift cards is very popular and one of their favorites.
[List] Gift cards providers.