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I transfer money internationally weekly. I would never consider using Bitcoin for this for these reasons: - volatility. This alone kills the wire transfer repl
by alangibson 3y ago
I transfer money internationally weekly. I would never consider using Bitcoin for this for these reasons:
- volatility. This alone kills the wire transfer replacement use case
- theft. Just read the news on this one.
- speed. Instant SEPA is faster than any cryptocurrency.
- fees. Many types of bank transfer are free. Crypto transaction fees are often high. When they're not, they are highly volatile.
IMHO 'p2p' and 'outside any bank' are liabilities, not features.
- latchkey 3y ago> - speed. Instant SEPA is faster than any cryptocurrency. Not really, when you take into consideration the KYC aspects. > - fees. Many types of bank transfer are free. Crypto transaction fees are often high. When they're not, they are highly volatile. Fees on the L2 chains are fractions of a penny.
- deleted 3y ago[deleted]