Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not serving its purpose ANYMORE transfer waiting 48hr even paid high
by
NeuroticFish
on 24/02/2021, 09:15:42 UTC
The way things are going in 100 years we're going to argue that it's still faster than intergalactic bank transfers.


You've just confused apples with oranges.
A blockchain cannot compete in speed with a centralized database (VISA). Whoever expects that has misunderstood... everything.

Bank transfer is different than card payment. National bank transfers take 1-3 days. International takes sometimes +1 day.
Intergalactic ones will be trickier unless faster than speed of light communication is developed Wink so I won't take them into discussion for now, since blockchain will suffer from the same impediment.
Back to reality: just read about people trying to transfer fiat from their bank account (for example to Kraken) and wait for days.