> For arguments sake I will point out the downsides to using crypto in this case: Which are all reasons why someone makes you drive to the nearest bank. As ot

> For arguments sake I will point out the downsides to using crypto in this case: Which are all reasons why someone makes you drive to the nearest bank. As others have pointed out, these issues are highly US centric, as sending money in the UK/EU can be done almost instantaneously. And so, if they can be done almost instantaneously in other countries it means the technology is not the barrier, but the politics. Thus crypto's only advantage is not a technology one, but a political/market/bureaucratic one. One good thing about crypto is that if it does take off and becomes a legitimate threat to wire transfers, then banks will change their tune VERY quick, and then once that system is in place then we can have all of the nice things that help protect your money in a US bank accountant (FDIC insurance, access to financing, fraud protection, etc.) with the advantages of crypto. There is a reason the Winkelvoss twins store their crypto wallet pass-phrases in bank vaults. For the record - I have my own thoughts about how bad the US finance system is, but I think crypto advocates love to ignore why these systems exist in the first place.