[ForHackernews]

Great, you've invented a boring old bank. That's not innovation. (Well, technically an unlicensed wildcat bank, but still)

Literally the only new thing about blockchains is an ecologically destructive brute-force solution to the byzantine generals problem. However, it turns out nobody except CS students cares much about that, so they have to dress it up with cartoon apes and web3 buzzwords.

[vineyardmike]

It’s also a bank with low Tx fees and fast Tx at any time of day, anywhere in the world. Something that is bafflingly still hard to find.

[ForHackernews]

Only in the USA. The UK Faster Payments Service transfers between any accounts for free in minutes: https://en.wikipedia.org/wiki/Faster_Payments

The US is actually building their own similar service (based directly on UK FPS), which will be available...eventually https://www.theclearinghouse.org/payment-systems/rtp/institu...