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Having sent $100k via traditional banks as well as crypto, I can add my anecdote that the latter was far easier. Some would argue that it shouldn't be that easy

Having sent $100k via traditional banks as well as crypto, I can add my anecdote that the latter was far easier. Some would argue that it shouldn't be that easy, and I agree to some extent. Setting up our tax system to be transparent and auditable by any citizen would be the greatest benefit to a distributed ledger, but something tells me that the current institutions would heavily resist that transition, so you are correct that it has little current value.

base 4y ago
With online payments I had a different experience. Tried to pay in a store that had coinbase payments with a binance account. So many issues: - The QR code to pay didn't work with the binance app - Had to find a way to copy the hash tag of the account from desktop to mobile to pay (luckily if you have a macbook pro and iphone this is easy) - Initially chose the incorrect network for payments on binance so the transfer didn't go through. Had to read online which network to select. With a card payment is normally just putting the cards details and in a few cases do an additional authentication.