TradFi 💩

1️⃣ I try to move USD from a Swiss bank to an exchange, they use the wrong intermediary bank and the USD never arrives. Few phone calls later with both exchange and bank I need to wait several business days before my USD is returned to my account —> unable to buy the dip.

Now I want to try again but I am scared the bank will make the samen mistake again. PS: this is not the first time this happens.

2️⃣ I try to move CHF to Revolut using their new feature “easy bank transfer”

1 day later I get notified that a reference was missing (they never asked for this) and the topup bounced. Now the CHF is frozen from anywhere between 1-20 business days 🤣

3️⃣ Did some BTC UTXO management yesterday, all transactions settled within 20 mins.. 0 problems.

#Bitcoin fixes this 🧡

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Discussion

Intermediary banks are the worst. Just there to deduct fees and mess shit up.