How fast can cryptocurrencies be?
How often do you make money transfers? Do you use bank transfers or digital money for that purpose? We have decided to compare the speeds between cryptocurrencies and bank transfers.
Bank transfer. The most common way of sending money to someone. We won’t talk about commission fees for now, and focus on the actual transfer speed — and it’s high if it is within the same bank, but when you send that to a different bank, it takes anywhere from 3 to 5 bank days.
Cryptocurrencies. Transactions go through very fast (although it depends on the network load). Network commission is minimal compared to that of bank transfers.
The system’s shortfalls in terms of transaction speed are what we want to fix going forward! This is why we leverage cutting edge technologies here at Buyzooka!
https://token.buyzooka.io
How often do you make money transfers? Do you use bank transfers or digital money for that purpose? We have decided to compare the speeds between cryptocurrencies and bank transfers.
Bank transfer. The most common way of sending money to someone. We won’t talk about commission fees for now, and focus on the actual transfer speed — and it’s high if it is within the same bank, but when you send that to a different bank, it takes anywhere from 3 to 5 bank days.
Cryptocurrencies. Transactions go through very fast (although it depends on the network load). Network commission is minimal compared to that of bank transfers.
The system’s shortfalls in terms of transaction speed are what we want to fix going forward! This is why we leverage cutting edge technologies here at Buyzooka!
https://token.buyzooka.io