I've worked quite a bit in crypto but keep it on the low in HN as I end up with very unfavorable responses (the general sentiment can be seen in the comments here). However, I will point out from my experience that this is true and not purely anecdotal.

In particular, my most recent project was geared towards using crypto to finance innovation in particularly hard-to-finance countries (i.e., where interest rates are basically predatory). It's proved a huge success and still continues to this day.