Post
Topic
Board Bitcoin Discussion
Re: UK banks' innovation render bitcoin pointless (?)
by
franky1
on 04/08/2015, 13:04:18 UTC
UK banks now enable, with most recent IOS apps:
- moving money from bank to bank effectively instantly (no fees).
- move money to a mobile number, using Paym, bank - > mobile number www.paym.co.uk  (I think no fees)
- enable Apple pay sync (no fees)

I find it very hard to see how bitcoin can become further adopted in the UK given these and other advances. Moloch has rumbled, Moloch has delivered. Anyone disagree?



quoting a UK service is a moot point. UK banks have for years offered fast payment services. moving funds from one bank account to another has never been a problem for hobby amounts (under £10k) between english banks..

what bitcoin solves is this:
international movements instantly
no chargebacks
no requirement of central storage providers (banks)
no risk of third parties taxing you without consent
no risk of bank insolvency /bailouts
store as much as you want without question
transfer  as much as you want without question
no need for account application forms, id or being declined an account

"give a homeless man a bank application form. and he will starve waiting... give the man a QR code and he can instantly earn a living"