Brits are spoilt compared to elsewhere when it comes to banking effectiveness. I've spent a lot of time in the US and it's like a third world country in comparison.

However it's all just tinsel layered on top of the same old crap. Once you get into international payments, which I indulge in pretty often, then it all falls apart again let alone failing to address fundamental issues.

But the main reason Bitcoin is rendered pointless here is because the banks won't give any businesses an account. There's no exchange with a UK account and the options for retail are pitiful compared to America because of that.

If I want coins in a hurry then I'm looking at a 5-10% premium for local buying services compared to exchanges or somewhere like Circle. That pure and simply doesn't add up for anyone looking to transact. Coinbase is in the UK, you just have to send money to Estonia taking days and costing money.

It's probably one of the weakest first world countries for actual crypto commerce. Maybe banks elsewhere will have to be weakened before they let up here.