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by rokhayakebe 3053 days ago
Money transfer is still very difficult. As in right now, short of paypal, I cannot send you money easily without leaving my chair in under 1 minute regardless of where you are in the world. Send me your bitcoin address and the problem is solved.

The biggest problems with Bitcoin (specifically) are: 1) it is not necessarily a store of value and 2) it fluctuates too much.

If someone can solve these two problems then we will have an extremely powerful cryptocurrency.

3 comments

You'll be doing well to get a bitcoin payment through in less than a minute. Half an hour plus is typical. There are faster cryptos though.
> As in right now, short of paypal, I cannot send you money easily without leaving my chair in under 1 minute regardless of where you are in the world

Venmo. Zelle. During banking hours: e-mail my banker, wire transferred within minutes.

> Venmo. Zelle.

If you accept the limitation that the receiver can be anywhere in the world, but must be from the US or have an US bank account...

Transferwise