High rate of crypto illiteracy still makes me sad.
I made a transaction through my bank, Fortunately the money was'nt received by the suppose receiver and i was debited.
I went to the bank for transfer error issue, spending more than 5hours trying to get access into the bank(due to crowd) and 3hrs trying to fix the transfer error.
My point here is that, if i had sent the money in form of crypto(Bitcoin), my transaction would have run smoothly, the only way i would have had an issue was if i had transfer to the wrong address.
Note: Crypto illiterate as mentioned above is not an insult, they are individuals with low crypto knowledge.
What's your opinion ? .
That is part of the charm of bitcoin which cannot be discovered until you actually try it, since I have adopted bitcoin I had several problems with different banks, nothing too important but as you mention it can be a time consuming experience and it can easily ruin your day if it takes too long to be resolved, however this has never happened to me with bitcoin, at worst my transaction has taken a longer time than usual to get a confirmation, but that is it.
The retailers want to adopt bitcoin but it is the banking sector and the government institutions which will not let this happen so easily. They have the power and they want to continue this without having the monetary control to the people by shifting from fiat money to the crypto currencies.