would Monero work as main currency of a cryptocurrency economy?

is an entire cryptocurrency economy possible now or in the future, and would Monero work as the main currency of it like a world currency? There are a lot of pros to a cryptocurrency economy

For example, cryptocurrency provides a decentralized solution to centralized problems like governments and companies controlling central authority using blockchain, YET a ton of crypto users still rely on these government banknotes, and companies like PayPal and CashApp for earning/obtaining cryptocurrency. I believe for an entire decentralized solution to these problems we need an economy circulating around cryptocurrencies specifically Monero, would this work? I do understand that crypto is not widely adopted right now so I do see the need for exchanges right now, however, if it is possible how can we progress towards a future like this that utilizes crypto like this.

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