Post
Topic
Board Bitcoin Discussion
Re: Why I hate Banks and love Bitcoin :->
by
Kakmakr
on 04/06/2019, 05:41:23 UTC
I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again.

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished.  Angry

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service.  Angry

Why don't you use Ethereum or Ripple or other crypto currency? They more quickly,just only 3-5 minutes. Bitcoin have to lost 20 minutes for this work Smiley

You obviously did not read the post or you did not understand it.  Roll Eyes  If my satellite service provider supported Bitcoin payment,  I would have paid with Bitcoin or any other Crypto currency supported. They only accept credit card payment or bank transfers, so I am stuck with that.  Roll Eyes

We need to launch some collective action to ask more services like this to accept Bitcoin payment. If you pay before the payment date, you do not have issues with transaction delays and you can pay via payment processors if they want instant payments.  Roll Eyes