Closing on a deal and need to send a wire transaction and none of the bank branches locally have someone presently working with authorization for a transaction of that size?
Not to mention having to go physically into the bank.
Crypto fixes this.
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@Macronald
posted
4 years ago
Comments
I absolutely agree. 👍
However, on the flip side crypto also allows scammers or hackers to steal all your crypto immidiately if they somehow gain access to your private keys (no matter how much you have in crypto). There was a recent case where someone was misled to download a manipulated wallet app. That person lost more than a million dollars in Bitcoin within seconds. 🙈
We have no bank offices left. Most are gone since years. You do it yourself online. You only need internet connection.