CNBC posted this article today explaining how to execute a wire transfer. The next legacy finance guy who says "bitcoin has no use case" should be forced to read this.
You will likely need the following information:
Your government-issued ID or online bank account access Your bank account number Recipient’s full name and address Recipient’s bank account number Recipient’s ABA number (wire transfer routing number) for domestic transfers; >SWIFT code for international transfers Name and address of recipient’s bank
When buying BTC, sending my FIAT currency to my personal BTC supplier is always the most difficult part :(
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Dope Pic.
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Tips on finding a personal bitcoin supplier please?
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Increasingly complicated to make a damn transfer, this system is totally archaic, and the elderly in my country still don't know how to use even the damn ATM (and now they want to take them away) if they knew how easy it is to use Bitcoin compared to this slop.
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WTH! That's really looks like a hell.
Bitcoin is the reply.
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76 sats \ 1 reply \ @lumps 28 Mar
Bloody complicated.
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Exactly. Even ignoring the KYC bullshit and invasion of privacy, it's also a gigantic pain in the ass. I know from experience.
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I've had family members try to send money to other family members through traditional fiat banking mechanisms. Can't use a bank to bank transfer unless the same person holds each account, presumably because they don't want you to use that method for remittance. They wanted to avoid writing and mailing a check, so now they're just doing a Cash App transfer, which involves loading money onto Cash App from your bank, having the receiver setup Cash App, link their bank, then withdraw.
When I said "this is much easier with bitcoin", they just got angry lol
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