#fuckbanks

Those fees are big business.

Luddites are lining up.

Btw, your wallet works again. 😀

Lol my auto withdrawl to fold was delayed Another day today. Like wtf is going on over there

Family in a foreign country.

I had to send them inheritance to settle an estate.

My countries checks aren’t recognized overseas.

2 Solutions:

SWIFT wire. 48hrs to settle, then their local bank takes several days to deposit into account.

$75 send fee

$150 receive fee on their end

Currency conversion fee

Or

BTC transfer.

Guess what we did?

Amen

To ALL of that !

Another hilarious anecdote… I bank with Chase both with my business and personally. I am of course an account owner on the business account but I am unable to do a transfer from business checking to personal checking for our monthly equity draws. Instead I have to mail myself a check which is like 5 business days, then it exceeds electronic deposit limits so I can’t deposit it on my mobile app, so I then have to drive to chase to deposit the check chase wrote me. The level insanity to transfer money from myself to myself from the same fucking bank makes my head spin. Banks are so fucked.

I’ve had a lot better luck moving money quickly to Fold by linking my bank and “pushing” from the bank side rather than “pulling” from the Fold side. They’d usually clear the next business day. Maybe that’s what you’re already doing, if so 🤷🏻‍♂️

Such are the joys of fiat 😂

Another similar scenario is thinking through e-commerce

So many steps to input card details etc

Versus a lightning payment from a browser

Literally 10x superior experience to status quo

Banks=Dial-up

Peoole will continue to pay for convenience and outsource responsibility for decades to come.

🫠

And my Zap less than 0.01 USD to this feed costs less than 1 Sat…

#makeBankstersObsolete

Yes, thank you for this. Great perspective ⚡️

Great example!

Similar ACH situation. Had to transfer from bank A to B. Was taking more thank a week. Finally called bank B and they said they were still in the process of “collecting” the money!

From slow ACH to NO ACH. The attack is happening :

SWAN BITCOIN

Important Update

Starting Friday, April 28th, North Carolina residents will only be able to fund their Swan account with wire transfers.

Our previous trading and custody partner, Prime Trust, is pausing Bitcoin trading in North Carolina. We’re sorry for this disruption.

The good news is that we’ve diversified our vendor relationships, so we can serve you through our partnership with BitGo. It’s wire transfer only for now, but we’ll have ACH transfers again later this year.