>much cheaper than a Western Union or SWIFT wire transfer But in practice, even when a user moves bitcoins between their own wallets its results in that transa

>much cheaper than a Western Union or SWIFT wire transfer But in practice, even when a user moves bitcoins between their own wallets its results in that transaction getting registered in the block chain. Which is very unnecessary, costly, inefficient and also may compromise the user's privacy. That's why IMHO some kind of solution whether it is lightning network[1] or sidechains is needed. [1] https://lightning.network/ https://lightning.network/