3 ms·
As another poster mentioned, this is argument against your bank, not for Bitcoin. Many banks (for example most EU banks) charge zero fees and wire transfers are
by richardknop 8y ago
As another poster mentioned, this is argument against your bank, not for Bitcoin. Many banks (for example most EU banks) charge zero fees and wire transfers are instant.
It's just incompetence of banking system that this is not supported more widely but there are no technical reasons why it cannot be like this globally for all banks.
So this is not a long term moat for BTC as banks can just become competent one day and this advantage disappears.
- digianarchist 8y agoThe UK faster payments system is instant. Sorry US/Canada your payments systems are just slow and expensive.
- poolbath1 8y agoThe whole point of Bitcoin was to form an alternative to banks so that they don’t become all powerful. If banks become better actors as a result, that’s good for Bitcoin.
- illumin8 8y agoI've only had experience with the US banking system. It seems like this is much better in other countries.