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by vidarh
2933 days ago
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I just made a transfer to someone just yesterday that had never dealt with Bitcoin before. Beyond explaining why "confirmations" were needed, it was surprisingly simple to get a total beginner set up with an account somewhere suitable, and even though I was transferring from an exchange account where I had to get verified (the account predated new KYC requirements), it tooks ~10 minutes to complete the verification process. So it may be logistically harder, but it's doable enough that it was worth it to avoid having to do an international wire transfer with banks in many cases still stuck in a world of paper and faxes (my bank manager actually boasted about the amount of manual, paper-based back and forth setting up my business account required when I opened it two years ago). |
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Still eithet are a piece of cake and lightning fast compared to normal banks.