In recent weeks, I encountered a frustrating experience with my local mobile banking app. At first, I thought it was a mere network issue preventing me from accessing my fiat currency because it kept on giving me the network error notice. However, after numerous attempts and no resolution, it became evident that the problem was far beyond connectivity.Upon reaching out to customer support, they promised to resolve the issue immediately but these promises were left unfulfilled. I then decided to visit the app store may be I could get some updates but upon getting there, I met series of similar complaints from fellow users.
This experience made me realize something very important I taught of sharing. When we keep our money in these banks, they have access to accounts and use our money however they want. It's a clear reminder that depending on these institutions for our financial safety might not be the smartest idea.For this reason, I extend my gratitude to Satoshi Nakamoto for pioneering a financial revolution that grants us true autonomy over our funds.Bitcoin offers a viable alternative that liberates us from the clutches of banks that claims to safeguard our savings while exploiting them through loans and various fees. some reasons Bitcoin will always be better than the fiat currency are
Well, I wonder how you didn't realize or know this for so long and only did when you encountered a problem like this. Even though I have never faced issues with my funds kept in banks or mobile wallets and I was always allowed access to them whenever I wanted, I have still always known that they aren't the best way of keeping my funds because, for some reason, it just doesn't feel safe when you have your funds in a bank account because you never know when they might have a change of policy or there might be some issue and they hold your funds. They would even do that if someone opened a fake dispute against your account which is absurd.
If I have a deal with you, any sort of deal, let's suppose I'm buying a laptop from you, so what I do is I take the laptop from you, make the payment from my mobile banking app, then go to my bank and tell them I want to open a dispute against that transaction because I didn't do it or I was scammed or something and they would hold your account for investigation. You wouldn't be allowed to cash out your money or move them, all you can do is make deposits, lol.
I say this because I have experienced this myself, so yeah, banks suck.