And that's why and how they could introduce something no one could refuse: a faster IOU 🤣

I moved countries in 2015, but I still had active business in my origin country so I went to a local bank in my new country and asked them about international transfers. I already had an account with this bank, so I wanted to use it.

After having to wait to talk to a manager, I was kindly informed that there was no way they could inform me of the costs I would incur in making the international money transfer. She was sure it was possible, she could just not commit to give me a number or percentage. "Make a test transfer an we'll find out" she had the audacity to propose.

What kind of business operates like this? can you imagine asking the grocery store owner for the price of milk and she going like "swipe your card and let's find out".

Anyways, I decided to just move the funds via Bitcoin then. Never looked back. I actually have to thank that lady now that I think of it.

Do you remember rewinding your audio cassettes? Then there were 8-tracks. You could only fast forward those. The banks are pathetic dinosaurs. Imagine all the red tape they'll put on CBDCs and make you wait for every transaction to be manually approved with a fax-only paper system over days and days.

One of my favorites is when I need to wire overseas:

If I don't respond to questions correctly, I can't transact and I have to call again and provide the right answers. XIX Century?

Even among banks (which are among themselves pretty bad) Chase is a pretty bad bank. https://www.asksebby.com/guides/chase-shutdown