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Crypto arguably has a better UX than traditional banks' SWIFT when in comes to sending money abroad. I often need to wait for many days for a SWIFT to get thro
by xpl 2y ago
Crypto arguably has a better UX than traditional banks' SWIFT when in comes to sending money abroad.
I often need to wait for many days for a SWIFT to get through. There are fees — sometimes way larger than crypto fees. Transactions are frequently blocked, and I end up spending a lot of time convincing my bank that the transfer is legitimate.
Plus, they tell you that if there's an error, like sending money to the wrong account, it can't be reversed — just like with crypto. So really, what's the point of all that extra hassle?