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A comment on Bitcoin is a disaster. Parent comment

Re:Bitcoin is a disaster by toomuchtodo on Thursday December 31, 2020 @08:30PM (#25599780)
The TransferWise model is the future of global banking imho (disclosure: I work in the financial infra space). One user account, the ability to hold a variety of currencies simultaneously, and banking info for each currency to plug into financial rails for said currency (routing/acct in US, IBAN in the EU, etc).

Turns out money is just rows in a database and ISO 20022 messages, queued and processed.

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Re:Bitcoin is a disaster by marcus_holmes on Thursday December 31, 2020 @09:26PM (#25600207)
I had enormous problems trying to do anything with Transferwise from Cambodia. It's still plagued with problems left over from the conventional banking system.
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Re:Bitcoin is a disaster by dehrmann on Thursday December 31, 2020 @10:00PM (#25600405)
This loops back to one of the few things cryptocurrencies do well: they're extrajudicial, so they're often used for illegal transactions (drugs, ransom, bypassing sanctions). Bitcoin just happens to be really bad for this since the blockchain is forever.
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