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But the issue is lack of competition, not something that can only be solved by crypto currency. The original statement was that crypto is still looking for an a
by bkor 9y ago
But the issue is lack of competition, not something that can only be solved by crypto currency. The original statement was that crypto is still looking for an actual problem to solve. Lack of competition and slow transfers isn't something related to crypto. Meaning, at a point Bitcoin took hours to work as well which a really high fee. SEPA apparently is 1 EUR and 10 seconds.
Ease of transferring seems dubious as well, crypto can also be slow or quick.
- scalesolved 9y agoThese are fair points, my reply was to the OP who said crypto was 100% hype and speculation which I didn't agree with. I'm giving a data point of crypto being useful for me, yes BTC has been slow at points but I've also had with each bank I've ever used (Natwest/Santander/Banco Sabadell/Barclays) points where my accounts were under maintenance and couldn't be moved.
- ttoinou 9y agoBut the issue is lack of competition And cryptos brings competition back in the financial space