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Meanwhile, if I want to donate over $25,000 to charity in the US, I have to go into the bank (in person even during the pandemic) spend half an hour while they
by lkbm 6y ago
Meanwhile, if I want to donate over $25,000 to charity in the US, I have to go into the bank (in person even during the pandemic) spend half an hour while they fill out forms, pay a $12 fee (still negligible, granted), and they'll process it within 12 hours.
Bitcoin might not be as good as the UK, but you have to understand that the consumer US financial system remains stuck in the 1980s.
- jefftk 6y ago> if I want to donate over $25,000 to charity in the US, I have to go into the bank (in person even during the pandemic) spend half an hour while they fill out forms, pay a $12 fee (still negligible, granted), and they'll process it within 12 hours. You can do it from home for a negligible fee ($0-$3) if you're ok with ACH instead. (Same-day ACH has a max of $100k, though it used to be $25k. Next-day ACH is something like $100M, though your bank likely has a lower limit.)