IMO Bitcoin payments are faster than card based payments (USD) and here’s why.
When you swipe your credit card your payment is “authorized” instantly. Money hasn’t moved yet.
Later that night your transaction is “captured” and this begins the actual movement of money.
The following morning the business receives a deposit in their bank from your payment (along with the rest from the previous day).
Best case scenario, that’s 12 hours from swipe to payout. If you add in a weekend or bank holiday this can be up to multiple days.
When sending BTC the business receives these funds in less than an hour. That’s at least 10x faster than card based payments. With the addition of the lightning network that “instant authorization” is possible as well.
Bitcoin is ready to be a currency.
Change my mind.
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