[mshumi]

It seems absurd that transfers between two accounts you own at large financial institutions take 3 days to process. There are obvious safety concerns, but there should be provably safe and faster ways of transferring value at minimal cost. People should be able to specify their security level; you could even gate-keep it with licensing, but we should make it an option for people.

[fsh]

In the EU, bank transfers (in €) have to clear within one working day. Transfers between your own accounts at one bank are typically instant. There is no fundamental reason for bank transfers to be slow. And unlike bitcoin, banks can handle more than a few transactions per second worldwide without grinding to a halt.