You would probably need to have set up a means to convert other crypto into AUD which would have to be held in an account at a bank that doesn't hate crypto (note, idk if such fiat based banks exist) so that you can issue the SMT ona debit card for them use.
Again, the agent for the debit card is something that you would need set up aswell.
So yeah, your idea is possible and I believe that it could work for Australia, as a perfect example.
With a lot more homework prior to moving forwards.
Ah yes, the banks. That's the hard part. This idea would have to fit in with the existing system of regulations and any approved fiat to crypto start point is a massive undertaking. With Aussie banks very anti crypto, hard to do. Getting one of the existing players (eg coinjar) to enable Steem would help.
I guess that there isn't enough scale with the existing steemian base to start this. I'll keep keep thinking and spittball any other crazy ideas I have to see if they stick.
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