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You are just using a bad bank. The bank I use lets you initiate a wire via their iPhone app, and then they simply call to confirm security details etc. Far ea
by zepto 5y ago
You are just using a bad bank. The bank I use lets you initiate a wire via their iPhone app, and then they simply call to confirm security details etc.
Far easier and safer than anything crypto has to offer.
Not to mention that it’s a complete fantasy to expect all but the tiniest number of sellers to accept crypto today, so the comparison is between something that exists today and works very well, and something that is only imaginary.
- almostkorean 5y agoThe bank I use is PNC, looks like it is currently the 7th largest bank in the US. To be fair, in the past month they opened a new branch which is a 10 minute drive, so that makes the first part a lot better. I am also lucky enough to live in a fairly high population area. After seeing the other comments I guess this wire transfer issue is specific to the US. I agree that a tiny number of sellers would accept crypto payment today, but what do you mean exactly when you say it is "only imaginary"? Transferring USDC is very real and exists today. I don't expect the average person to ever transfer USDC the way it is done today, it would be a terrible user experience. But I'm trying to figure out the disconnect between what I see as a powerful financial primitive and what you see as imaginary
- cyounkins 5y agoI left PNC when they started charging me $3 per check image viewed online through their web interface. I didn't believe it until the charges actually accumulated.
- zepto 5y ago> I don't expect the average person to ever transfer USDC the way it is done today, it would be a terrible user experience. Therefore the service you are comparing against is one that only exists in your imagination, and is not real today.