- 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.
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.
- 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.