Re:Crypto is saving lives in Ukraine
by alphabettsy on Thursday March 31, 2022 @10:30AM
(#30867615)
Nothing in this article indicates that some unique factor of crypto enables it to save lives. It does say that donations have allowed them to purchase life-protecting and life-saving supplies but how are crypto donations unique. I can speculate, but I shouldn’t have to with an article titled as such.
[ Parent
| on HN ]
What about the part where it says you can get access to it within 10 minutes, while the traditional banking industry takes 3 days?
If I send/receive a bank transfer here in the UK, it's available within seconds if not minutes. International transfers from my US account to the UK or vice versa with Wise go through in a similar amount of time. If it takes 3 days for a transfer to go through somewhere, that's a specific issue with the local banking system, not a fundamental issue that only cryptocurrency can solve.