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Thomas
@aviationdoctor.eth
Made a fiat withdrawal from a CEX on Friday. It might arrive on my account on Monday, or maybe Tuesday given Chinese New Year. It absolutely boggles my mind that TradFi transactions still take days to clear, and that the stock markets aren’t trading 24/7. Such low hanging fruits, much inertia, very lazy, wowow
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tjark
@tjark
My go to offramp CEX is Coinbase. A SEPA withdrawal usually takes a couple of minutes before it hits my account. Withdrawals to paypal are instant. Probably very dependent on where you are based.
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Thomas Mattimore
@mattimost.eth
Amazes me everytime
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Monteluna
@monteluna
I tried to pay someone doing some quick internet work using Zelle and after the payment was instantly denied, the bank tried to tell me I couldn't use Zelle for a business transaction and I needed a business account. Its not even the time but how they try and regulate which dollars can be used where that's annoying.
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Kaito Cunningham
@kaitocunningham
Can help you here Thomas - we’re exploring crypto native off-ramps, simply with using an ens address as a URL :) https://warpcast.com/kaitocunningham/0xbda9a788
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Loba
@slimey
Coinbase withdrawals are instant
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SmartBott
@smartbott
Why is it taking so much time ? In my demography even on weekends, breaks, Holidays it takes at most 5-10 minutes
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Nico
@nicom
This is called artificial friction. The goal is to allow control and for insiders to step in first. That's just all we should be destroying. Also it allows Devs to have weekends.
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notdevin
@notdevin.eth
We’re looking deeply at this problem, it’s an important one to solve
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PhiMarHal
@phimarhal
I deal with banks as little as possible, and in all fairness there's been great improvements. But just about every single time I do, the experience leaves me feeling like I'm back in the medieval ages. Strong cognitive dissonance whenever "cheeky" crypto influencers claim blockchain is only useful for speculation.
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