If you’ve ever sent a large amount of money with a bank you understand why Bitcoin is needed

The other day I resold one of my cars and used that money to pay off the loan I had in it. I would consider it a “large” amount to send at once, around $30,000. But I’m sure the difficulty I went through is 10 fold when sending something like a million dollars.

First the person paying me wire transferred me the money. And the bank, even though I informed them of this transaction and they expected it, declined the payment. They said this was because you can’t transfer in more money then the cost of your loan? Whatever that means. Made no sense to me.

So then after dealing with that for a week the buyer and I agreed a cashiers check would work. (They can’t bounce since it’s literally confirmed they are taking the money out when they write it.) Which still took an entire extra day to drive and meet up and process and then to hand over the car.

If he had paid in bitcoin, or if I had sent 1000 dollars or 10 millions dollars. Bitcoin would be fast and cheaper.

No middle made chipping away at the money someone is trying to give away to another person. People call bitcoin slow but waiting 5-15 minutes is nothing compared to the hell week I just had to wait through. Bitcoin IS faster, we’re not talking about venmo here we’re talking about real, large, banking transactions. Bitcoin is faster. It’s cheaper. It’s the best method to send and receive and store money and that is why people like it. That’s what gives it value. And that is why almost everyone in crypto has some.