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by cosmotic 1861 days ago
I don't know a lot about bank wires except for when I put a down payment on a house. There was a flat rate if I recall, close to $90. Few if any have a credit limit approaching a housing down payment and those rates are percent based I believe. I was told it could take days to complete but it took hours. I did not feel safe doing the transfer but had no other option. I believe that's what title insurance is for (at least in part?). I've completed thousands of visa transactions in the same time, so transaction cost and speed are probably why people use visa instead of wire transfer. There are additional perks like warranty extension, fraud prevention, fraud insurance, etc.

Anonymity has certainly been a purported feature of bitcoin. Obviously erroneously. It's mentioned in the wikipedia article: https://en.wikipedia.org/wiki/Bitcoin#:~:text=anonymity%20en...