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A comment on Bitcoin Halving Just Occured. Parent comment

Re:Bitcoin Halving Just Occured by doyoureallytnot on Monday May 11, 2020 @05:40PM (#23147425)
> it shouldn't take more than a couple hours That's simply not true. It takes days for most banks to "settle their books", before which any money they've transferred hasn't really gone anywhere.

For day-to-day expenses for us common folk that's not really a concern but for big sums of money the recipient will want a little more certainty of the transaction having completed.

This can take weeks with some banks too.

(Source: I work for a major bank)

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Re:Bitcoin Halving Just Occured by hocuspocus on Monday May 11, 2020 @07:48PM (#23148824)
Well your employer sucks then. It certainly doesn't take my banks days to receive a Swift transfer.
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Re:Bitcoin Halving Just Occured by chrisco255 on Monday May 11, 2020 @06:04PM (#23147658)
This is another good point. Even for day-to-day transactions, VISA is not instant. The only thing that's instant is the authorization that you can spend X amount of money. But the actual transfer of funds from customer account to merchant account takes days. Whereas, again, with Bitcoin or crypto, it's minutes to settle.
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