Post
Topic
Board Bitcoin Discussion
Re: Bitcoin would have averted this painful loss, shame on fiat
by
Dr.Bitcoin_Strange
on 18/09/2024, 15:27:16 UTC

The bank transfer must have delayed his transaction for at least two days only to realize that almost €100 was charged for transferring €1,000 to the beneficiary account. Fiat is just silly, banks are crook and feeding fat on people's money.

As for the fee that was charged, it is unnecessarily too high compared to what financial institutions will charge to transfer same amount of money that's equivalent to €1, 000 in my local currency.

We can not underrate Bitcoin's best performance in terms of transaction speed and transparency but everything that is created by human has its advantages and its draw backs too.  

Despite the challenges in transitional financial institutions, most people still prefer it because those errors are not encountered all the time. Secondly, it's not everyone that have the knowledge of Bitcoin, talk more of accept payment in Bitcoin.