• Isthisreddit@lemmy.world
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    5 days ago

    I disagree - before Bitcoin there was no venmo, cashapp, etc. It took weeks to move big money around. I’m not saying shit like NFT’s ever made sense, and meme coins are fucking stupid - unfortunately the crypto world has been taken over by scammers - but don’t shit on the technology

    • Buckshot@programming.dev
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      4 days ago

      Since before bitcoin we’ve had Faster Payments in UK. I can transfer money directly to anyone else’s bank account and it’s effectively instant. It’s also free. Venmo and cashapp don’t serve a purpose here.

      • daellat@lemmy.world
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        4 days ago

        Same in NL most (all?) banks here have an app that lets you transfer money near instantly, create payment requests, execute payments for online orders by scanning a code, etc. It’s great I think.

    • aesthelete@lemmy.world
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      4 days ago

      It took weeks to move big money around.

      Lol this is just either a statement out of ignorance or a complete lie. Wire transfers didn’t take weeks. Checks didn’t take weeks to clear, and most people aren’t moving “big money” via fucking cash app either.

      “Big money” isn’t paying half for an Uber unless you’re like 16 years old.