For remittances, crypto is still a problem looking for a solution

It is no secret that Andreessen Horowitz is bullish about crypto: Not only does the firm boast that it started to invest in the space a decade ago, but it also debuted a $4.5 billion web3 fund last week.
To understand a16z’s bullishness despite what others have described as a “crypto winter,” its 2022 State of Crypto Report is a good start. Per its disclaimers, the document is not directed to any investors or potential investors — yada, yada, yada. But it does read like an argument for crypto, DeFi, NFTs and all things web3.
The problem, in my view, is that the report’s

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