[victorbjorklund]

or it could be fintech startups like Revolut and Wise. You know stuff people actually use that is actual competition for banks. A normal person does not use crypto just to exchange money from GDP-EUR for a vacation trip.

[rcxdude]

Indeed. Crypto is actually very fee-heavy in my experience, from exchange fees to transaction fees and so on. It's got quite a high-friction interface to the existing financial system. As a means of doing forex for the average person I doubt it'd be competitive with even old high-fee banks.

[willtemperley]

Yes but they came shortly after Bitcoin with comparable fees. This is not a coincidence.

[jncfhnb]

It’s a coincidence

[kikimora]

As a person making a lot of cross-border payments I disagree. In my reality paying people in other countries with crypto is much easier if they can accept it. Accepting is challenging but mostly because of regulations, not crypto itself.

[jncfhnb]

That’s not relevant

[victorbjorklund]

Wise was launched in 2011. No one had heard about Bitcoin back then.