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by leppr 2081 days ago
Except no, the exact reason I do/did these things with crypto is that I couldn't as easily do it with the existing infrastructure.

Buying at a Bitpay PoS in Japan is just scanning a QR code, instant confirmation (Wechat easy but even foreigners can use it). A P2P sale for a non-insignificant amount of money (~$1.5k): rejected by Paypal, inter-bank transfer would take days to go through. BTC was 5 minutes to wait for a confirmation. Donations through Patreon or other require you to sign-up, go through convoluted systems that sometimes require sending your identity documents, crypto is just copy an address/scan a QR code and confirm in your usual, familiar wallet.

1 comments

> inter-bank transfer would take days to go through

In the UK bank transfers are practically instantaneous. It's nuts that the US is so far behind on this.

Good luck paying an Iranian mail-order shoemaker... It's not hypothetical: https://www.coindesk.com/bitcoin-iranian-shoe-store-trade-sa...

(EDIT) Sorry for my rude reply. Your point about intra-national transfers stands.

There are fast bank transfers in my country too, but for some reason my buyer's bank application was buggy and would only allow a traditional transfer. And of course, you can't use an alternative, non-buggy, app with your bank account...