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or it could be fintech startups like Revolut and Wise. You know stuff people actually use that is actual competition for banks. A normal person does not use cry

or it could be fintech startups like Revolut and Wise. You know stuff people actually use that is actual competition for banks. A normal person does not use crypto just to exchange money from GDP-EUR for a vacation trip.

willtemperley 2y ago
Yes but they came shortly after Bitcoin with comparable fees. This is not a coincidence.
- jncfhnb 2y ago
  It’s a coincidence
  - kikimora 2y ago
    As a person making a lot of cross-border payments I disagree. In my reality paying people in other countries with crypto is much easier if they can accept it. Accepting is challenging but mostly because of regulations, not crypto itself.
    - jncfhnb 2y ago
      That’s not relevant
- victorbjorklund 2y ago
  Wise was launched in 2011. No one had heard about Bitcoin back then.
rcxdude 2y ago
Indeed. Crypto is actually very fee-heavy in my experience, from exchange fees to transaction fees and so on. It's got quite a high-friction interface to the existing financial system. As a means of doing forex for the average person I doubt it'd be competitive with even old high-fee banks.