Maybe the transaction speed is the same or faster than bitcoin but are the fees the same or at least similar? I doubt!
Sometimes fiat is better and faster and zero fees but sometimes making international transfers it takes lots of fees and time.
This very useless to discuss which faster in the transaction bitcoin or fiat, because the basically transaction is always same just different in their fees and the institution is providing transaction service.
Have you tried to make a transaction at weekend?
Have you ever tried to make an international transfer? Or when there are holidays?
If not then i can tell you that the transaction speed is not same comparing to crypto which is
almost instant.
Well, crypto isn't instant, but it is much faster when you compare it to what you're saying. There is definitely a considerably different rate of transaction between the two entities. Most service-based entities that offer global/international transactions are pretty poor anyways, and it takes a while for the transaction to go through even on the best of days. There simply isn't enough speed with it for it to be worth it most of the time. Bitcoin offers a considerably cheaper and faster alternative to international exchange and transfer services.
I made my word in bold style, I said "almost", if you are lucky the transaction can be confirmed within a minute.
Same goes with doge or ethereum, we don't need hours for a transaction to be confirmed, or days like the traditional bank transactions.