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You got downvoted, but sadly we have 2026 and it's still not easy to send money to any bank in the world. You can say a lot of bad things about the crypto world
by _trampeltier 2mo ago
You got downvoted, but sadly we have 2026 and it's still not easy to send money to any bank in the world. You can say a lot of bad things about the crypto world, but thats a problem Bitcoin solved two decades ago.
- tonyhart7 2mo agobitcoin is neither cheap and stable
- reddalo 2mo agoNor safe. Good luck recalling a wrong crpyto transaction.
- rvz 2mo ago> Good luck recalling a wrong crpyto transaction. No better than recalling a wrong bank transfer or Zelle transaction.
- ShinyLeftPad 2mo agoWrong bank transfers can't get recalled? I know I disputed a debit card transaction and got my money back the other month
- Hugsbox 2mo agoIn Canada, every bank has Interac e-Transfer, essentially we can easily email or text either other money. It's really wicked, and I'm always amazed other places like America don't have it built into their bank accounts and have to use 3rd-party apps to handle sending money to each other. But anyway, the point is that it tells you every single time you send a transfer that way to be careful, because you can't undo a transfer after it's been sent. I'm assuming it's the same for most methods of bank transfer? I mean, debit transactions are surely a different beast.
- inigyou 2mo agoBanks can always try to undo a transaction - it's just not guaranteed to work. AFAIK, credit/debit card reversals are always reversible because if the merchant doesn't have the money, it becomes their bank's problem to get the money or eat the loss. This works because the merchant is easily identifiable, well known, and has a reputation to uphold (at least to their bank). Other methods of transfer don't come with such contractual protection, but can still have best-effort.
- ShinyLeftPad 2mo agoThey can. Maybe in some jurisdictions they don't have to so they try to avoid it. But if there is crime involved for example, they can be required to do what's inconvenient
- AureliusMA 2mo agoMost bank transfers cannot be reversed without agreement between parties. You're using a b2c mindset for a b2b problem. Bitcoin is a b2b tool.
- ShinyLeftPad 2mo agoBangladesh bank got its reversed when hacked by NK. Does that look b2c?
- freeone3000 2mo agoThe method of “reversal” was sending the money back, because it was a transfer between banks. The actual method of transfer or underlying currency is of no import in such circumstance.
- ShinyLeftPad 2mo agoThe entire point is that the bank can send the money back and transaction is always between banks. Whereas in cryptocurrency world transaction is direct. Like with cash, except you can accidentally a million dollars
- stavros 2mo agoCan't do that with cash either, yet lots of people are using that.
- ShinyLeftPad 2mo agoit's a problem only if you can accidentally 100 000 dollars in cash, most of us can't (the amount of paper makes it tricky)
- inigyou 2mo agoIf the recipient is identifiable they legally have to give the money back and you can press charges if they don't.
- dsr_ 2mo agoAnd if the jurisdictions don't have a treaty?
- _trampeltier 2mo agoThat was not my point. Money with bancs also not, if it would be so easy, there would be no problems with nigerian oncles and so on. Good look get your grandmas scammed money back.