The reason why cryptocurrencies exist is precisely to detach money from governments, reason why Monero is persecuted by every single western government whereas that coin you mention is endorsed by them. There is quite a world that needs and uses Monero every day.
That is obviously ignoring that transactions on that old tech are transparent (no privacy whatsover) and governments will persecute whomever donates to inconvenient causes: https://usethebitcoin.com/news/canadian-court-rules-against-...
The reason why cryptocurrencies exist is precisely to detach money from governments, reason why Monero is persecuted by every single western government whereas that coin you mention is endorsed by them. There is quite a world that needs and uses Monero every day.