Sam (crazy candle person) ✦  pfp
Sam (crazy candle person) ✦
@samantha
I just did a bank transfer and I was looking to double check the gas fee 🤦 Then when the money transferred I was like wow! My friend got the exact amount I put in!
3 replies
1 recast
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Cool Beans 🌞 pfp
Cool Beans 🌞
@coolbeans1r.eth
Yeah, the argument that using crypto makes transactions between people easier is kind of a moot point now that zelle, cash app, venmo blah blah blah can do it instantly too, and doesn't require onramping or offramping.
3 replies
0 recast
4 reactions

pxaxm pfp
pxaxm
@pxaxm
fee if you want it instantly into your bank account from cash app, etc. doesn't settle instantly. financial industry built around T+2 settlement and the margins for covering deposits (plus processor fees that ultimately get passed onto consumers by the banks)
1 reply
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Cool Beans 🌞 pfp
Cool Beans 🌞
@coolbeans1r.eth
You can spend directly from cash app no need to send to a bank. If you send p2p it settles instantly with no fee. The problem you describe most people don't care about enough to make them switch to the far more pain in the ass crypto. Fact.
1 reply
0 recast
0 reaction