On the one hand, yes, it’s a solid alternative because it’s decentralized and can even be untraceable (see Monero), but on the other hand, it’s been under attack for the past years. I would disagree it’s censorship-resistant, because if you make it illegal or hard to buy and sell crypto, few would be dedicated enough to go around that. Moreover, your proposed solution would still rely on some gateway between crypto and fiat, which would be vulnerable to pressure.