Re:MasterCard to open up network to cryptocurrencies
by SailingSperm on Thursday February 11, 2021 @05:50PM
(#26108502)
30 mins for FINAL international settlement of arbitrary $ amounts between $0.001 - $100B IS fast - and the uptime for the BTC network is 100% since inception ~2011.
If you're really wanting to compare apples to apples - For traditional banks doing cross border transactions, it takes up to five days at most global banks, not counting weekends or bank holidays to actually settle with a lot more intermediaries involved.
If you're really wanting to compare apples to apples - For traditional banks doing cross border transactions, it takes up to five days at most global banks, not counting weekends or bank holidays to actually settle with a lot more intermediaries involved.