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A comment on The Slow Criminalization of Peer-To-Peer Transfers. Parent comment

Re:The Slow Criminalization of Peer-To-Peer Transfers by wmf on Friday June 02, 2017 @06:39PM (#14473802)
One may wonder, however, why traditional money transfer is more expensive if it doesn't even require mining. Is it because of regulations by any chance?
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Re:The Slow Criminalization of Peer-To-Peer Transfers by firethief on Friday June 02, 2017 @10:30PM (#14474673)
Regulatory capture. It's not easy to open a competing bank.
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Re:The Slow Criminalization of Peer-To-Peer Transfers by Shorel on Friday June 02, 2017 @08:12PM (#14474142)
Banks have a very profitable spread when buying and selling foreign currencies.

For transfers of money in the same currency... it's just greed, in my opinion.

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