Why crypto is far superior to traditional payment methods. Pretty much everyone reading these will already know that crypto is better and its only a matter of time before it takes over. This week i have confirmed it to myself and realized just how out dated the traditional banking systems really is even compared to the slowest of all crypto currencies Bitcoin.
My story starts on Tuesday when i found a car i wanted to buy did the paper work and said ill be back tomorrow with the cash, first problem the banks close at 4 so i couldn’t go . Crypto is 24/7 sore 1 for crypto. The next day i wait until 10am when the banks open (i wake up early all the time so it was a long wait). Get to the bank wait 30 minutes in line finally get to the bank teller
ME: i need to withdraw X amount
Bank: sorry you cant withdraw that much
Me: why not
Bank: this branch only allows you to withdraw $5000
Me: if i cant take money out at the bank what is the point having a bank
Bank: sorry you need to give 2 days notice to withdraw that much
Me: this is why everyone hates banks
Bank : sorry
Now i couldn’t get a bank cheque because the guy wouldn’t answer his phone so i had no details. So i went home didn’t want to wait 2 days to get cash from a bank so i decided to email the guy and he gave me his details by this time the bank would be closed before i could get back. So i decided to do it online as it should only take 24 hours to send. After calling the bank and waiting on hold for 30 mins i had finally sent the money. Well thats what i thought anyway for some reason 2 days later the bank rejects my money transfer even tho i had the money in the bank and called to get it approved. So call them back asked what happened they tell me it was an error so they reproved and resent its now Friday afternoon and banks dont like to do anything even online transfers over the weekend so now hopefully by Monday the money will be sent. Problem is ill be on the other side of the country for nearly 2 week from Monday. My brother will have to go out his way to get the car i should already have 4 days ago.
If this was on EOS i could of sent it on my phone instantly and even on Bitcoin is would of taken 10 mins and cost 1 dollar. Sure for every day items normal money is fine its fast and easy but with all the wallet advancement it wont be long before crypto is just as easy and atm EOS is easier and faster for anything online. If you made it this far in my rant congrats hope you enjoyed it 🙂
Image source https://www.ccn.com/bitcoin-vs-banking-infographic/
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