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Just raised a funding round, and about half the investors used USDC and half used wire transfers. On "famously expensive and slow" Ethereum, the USDC transfers
by dcolkitt 4y ago
Just raised a funding round, and about half the investors used USDC and half used wire transfers.
On "famously expensive and slow" Ethereum, the USDC transfers took 15 seconds and cost under $2. Oh and even better, I was able to just use a simple human readable [X].eth address, instead of an incomprehensible string of routing number digits.
- nailer 4y agoGas is pretty cheap right now as there's little network activity due to crypto winter - people are holding their crypto. And yes 15 seconds is slow. Indeed, a human readable address is nice if you trust whoever gave it to you (ENS is naming not identity, someone else can register dcolkitt.eth or dcolkit.eth or dcollkit.eth if they like). There's some good bits and some bad bits. Not advocating for or against crypto.
- ChadNauseam 4y agoIf you think 15 seconds for Ethereum is slow, you'll hate wire transfers