The easiest way to send and receive money worldwide
While it may be very simple to send Bitcoins to anyone anywhere (as long as they have a Bitcoin address AND you already have the Bitcoins in your wallet), it's a whole 'nother matter to start the process from cash in hand.
Cash in hand > bank > dwolla > MTG/TH > personal wallet > other person
A real big pain in the ass chain that can take as long as a week to get through and has several fees along the way. The entire process needs to become faster, cheaper, and more user friendly. Hell, just for the bank to dwolla part my bank wants:
- $3 to transfer in three business days
- $10 for next business day
- afraid to even list price for same business day
As long as the money is in my account, WTF should this even take more than a few hours? It's a routine, AUTOMATED transfer by the banks computers, no human even needed. No need to delay or charge high fees although you might end up with next day instead of same day if you transfer late in the day or after hours. Sending a money order directly to MTG/TH would both speed up the process and make it cheaper BUT that's a meatspace work-around to a digitalspace problem.
I'm starting to rant so I'll just stop here