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We regularly wire our overseas suppliers > $100k. Costs $40 per transaction. Zero paperwork. Takes several hours for them to receive.

• kevinak 4y ago
  With Bitcoin: Costs $0.4 per transaction. Zero paperwork. Takes several minutes.
  • polygamous_bat 4y ago
    And you lose the right to effect any chargebacks if any errors happen anywhere in the process, including mistyping the receiver address. I would happily pay 0.04% for such a powerful insurance.
    • kevinak 4y ago
      Are you sure you can charge back that bank transfer? In theory sure, but in practice?
      • deleted 4y ago
        [deleted]
  • wiremonger 4y ago
    For our purposes (and most businesses), those are marginal improvements. And there's absolutely no way the very significant risks involved with handling cryptocurrency are worth it to us.