> But try transferring dollars electronically, or even just from one of your own accounts to another in a different bank.
In my Wells Fargo account, I can transfer to another bank's account in three clicks and about two minutes. All I had to do was set it up and prove that I own the other end. Deposits usually clear that day.
with bitcoin, transfers clear within ten minutes. The fees are dramatically cheaper (domestic wire transfers are at least $10, international are more like $30) and there's no need to 'prove' anything.
With bitcoin, you can also do all this at anytime, not just within the 9-5 Mon-Friday, no holiday bank schedules.
In my Wells Fargo account, I can transfer to another bank's account in three clicks and about two minutes. All I had to do was set it up and prove that I own the other end. Deposits usually clear that day.