-£250 daily limit - only for paying people without 2FA. For 2FA contacts, I don't think there is a limit.

-yes, clearly moving money around is already business. What I mean is that currently it is not as easy as bitcoin, and arguably more expensive in some cases. However if there was larger demand for this in the UK then I'd expect the larger banks to start competing on this basis, incorportating them into the app. This has already happened with UK-UK money transfers. Paying for coffee etc by bitcoin unlikely in this context

-banks and other things been used to launder money. The arguments from people like Piketty is that these should be monitered in a transparent way. How does a semi anonymous (or fully anonymous) online currency help this?