Post
Topic
Board Bitcoin Discussion
Re: Why I hate Banks and love Bitcoin :->
by
oseikuf44
on 06/06/2019, 15:32:14 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
It is unfortunate that the satellite provider don't offer Bitcoin or crypto as a form of payment, but as the competition continues with innovative merchants getting bitcoin as payment processor, all will join soon when the going get tough. Banks with their offline service and holiday periods will make bitcoin outnumber them.