Lebanon Banks are being closed for 3 days because people want to withdraw their money... That's a mess.

As we are in this era of high inflation now with nearly all countries at deacde high inflation and some many at record inflation. Especially "poorer" countries are struggling with it such as Argentina with near 100% inflation even with 75% interest rates. Lebanon is another victim of that and more social troubles in the country.

Due to that people, as their right is, wanted to withdraw their money from the bank to use it but apparently now a bank can not do the very task it is meant to do. With that Lebanon banks just closed for 3 days and now people can't withdraw their own money, that's just crazy and a mess.

And it may be one of the situation where saying "Crypto can solve this" is actually true. Not only is crypto open 24/7 but also you can take out any amount of money without being tracked and followed. Obviously it's only like that if you use crypto right. Exchanges can anytime suspend withdrawals but Wallets, especially hardware ones, can not.