Yes but you don't end up with the few hundred bucks, you end up with Ethereum. If you need to pay for something using euro, dollar, ... you going to need to con

Yes but you don't end up with the few hundred bucks, you end up with Ethereum. If you need to pay for something using euro, dollar, ... you going to need to convert it which will include fees. Plus, I don't want to defend the banking industry, but there is often two reason why transferring money is a bit cumbersome with banks: Scam and terrorism/money laundring. The first thing is, the average Joe cannot help himself but get scammed. Because of this banks have to try to check has much has possible that you are doing what you think you are doing and make you jump through some hoop. Because had the end of the day, its probably the bank that will have to pay for your idiocy. They have insurance but insurance are not free. Crypto-currency usually don't care about this, if you send BTC to one address, you send BTC to one address, and if it was a scam, you have no way to get anything back. Being able to transfer money at just the click of a button also has its problem, lets be honest. And terrorism / money-laundering. There is a lot of regulation about it, none that crypto-currency care about. You could be sending BTC to Daesh, nobody can stop you. Banks have to stop you. Just like they have to check that the money you are sending / receiving is legitimate and not from some illegal operation. That is why international money transfer takes more time and cost a lot more. Now granted, a lot of banks are still awful at preventing scam even though they are extremely cumbersome to use. Just like a lot don't want to be bother with the whole money-laundering process and will try to discourage you to do anything that would require them to follow the process. And yes, some of them abuse their dominance to put ludicrous fess, etc. But the fact is that crypto-currencies live in a dream world where they don't have to put up with the rules that banks do. And that is why they will either never see widespread use, or they will have to find a way to comply with country regulation, which will need the third party that they tried so hard to remove.