[notyourav]

I’m currently in Turkey. I can transfer funds from any bank account to another in about 1 sec., for a very low or no fee, 7/24. I can even withdraw money from an ATM w/o a card just by scanning a QR code from banks app. All merchants have adapted contactless visa etc.. payments. I honestly don’t see how crypto has a sliver of chance as payment alternative.

[whatisweb3]

What is your preferred way to transfer funds that can be received instantly in Canada, US, South America, UK and Europe?

Transferability is a basic primitive of crypto but not the only feature. Others like decentralized escrow and multi-signatory wallets achieve new functionality that is non trivial in traditional banking system.

[CaptainZapp]

> Others like decentralized escrow and multi-signatory wallets

Uhh, multi-signatory bank accounts are about as old as banking.

[beepbeepcabbage]

I pay friends in the us regularly via Wise and PayPal and it arrives within seconds every time - all while crypto is folding, doing layoffs, running away with people's money etc.. it's not even a competition. I will take wise + Ideal any day over any crypto or US bank I have ever used.

[phyalow]

Turkey? Good luck with the Lira.