[Shosty123]

If you know a way to pay someone across the world in seconds for cents in transaction fees, I’m open for alternatives.

[cj]

You can't pay someone "in seconds" with Bitcoin.

Oftentimes it takes up to 5 minutes just for the transaction to begin, and usually more than 20 minutes for the transfer to complete.

[Shosty123]

Right, I use SOL, not Bitcoin. Transactions are pretty much instant and cost a couple cents.

[Tesl]

I pay people globally through HSBC all the time. Works instantly.

I never understand this argument anyway. If you can't send funds instantly that isn't because the currently itself can't be transferred instantly - it's because for whatever reason you don't have access to a provider that will provide that service. That's a separate problem and can be solved without having to build an entirely new currency / financial system.

[rendall]

>> Illicit trade and money laundering are the only real use cases for crypto. Full stop.

> HSBC...

Also a conduit for illicit trade and money laundering.

https://www.bbc.com/news/business-59689581

[Shosty123]

I highly doubt your claim. There is no mechanism to send money internationally (at least in Canada) that is both near-instant and free or near-free.

[HWR_14]

VISA/MC work well. Banks seems to also be able to send the money trivially.