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You are from which countries? It's still pretty hard, long and costly to transfer cash from a bank to another one. In fact at mine, still until recently it too
by dwild 8y ago
You are from which countries?
It's still pretty hard, long and costly to transfer cash from a bank to another one. In fact at mine, still until recently it took 24 hours just to add someone to send him fund from the same bank. Interac, which is the provider of debit in Canada, recently made a way to transfer cash that many banks decided to add for a cost of 1$ per transaction. It's now widely used and banks use that as an incentive now (2 free transactions a month, amazing!).
This is all due to old antiquated technologies used by the banks. They clearly don't want to evolve. Bitcoin at least is universal, simple and works.
- ixtli 8y agoDunno if you'll see this but I'm from the US. I also haven't had much experience with inter-bank transfers. Most people I know use my bank and its great for international travel.