Bank transfers as a payment method

Re:Bank transfers as a payment method by baby on Saturday November 27, 2021 @03:01AM (#29358453)

Usdt sure, although it’s working so far, but there’s plenty of legit stablecoin projects like usdc, or even paxos (which is what novi is using). Why isn’t stable applying to these coins?

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Re:Bank transfers as a payment method by astrange on Saturday November 27, 2021 @03:14AM (#29358507)

I sent $50 in USDC yesterday and was charged $9 in fees, not counting the coinbase USD<>USDC fee which I think existed since I used a debit card.

Legit crypto users[1] should let you pay with TransferWise.

[1] ie online research chemical stores

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Re:Bank transfers as a payment method by baby on Saturday November 27, 2021 @07:45PM (#29365119)

Ah interesting, I guess USDC relies on Ethereum and so you're eating ETH's fees? I've never used USDC myself. I'm hearing Celo fees are around 1 cents.

Wise is also a great solution, but its speed is going to be dependent on a lot of factors: does it have a partnership with your bank, how long is the route it'll take, and how long each node will take to process a transfer on the route. It is streamlined though so the user experience is top notch, security wise it's a centralized system so the more people use it the more it becomes a single point of failure.

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Re:Bank transfers as a payment method by astrange on Monday November 29, 2021 @09:01PM (#29387926)

Oh, and we haven't managed to confirm the transaction yet because I sent slightly too much and Coinbase's UI won't show me the transaction ID, or even the amount sent after fees.

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