Bitcoin Can Be More Efficient Than Bank Transactions

[TheBitcoinBadger10]

Cryptocurrency especially bitcoin have made something unique in transaction. For this people now want it globally accepted. Additional development like LN can make it more efficient than ever and increase popularity.

[blackandwhite89]

Actually still the economic unbalance among the developed, developing and under developed countries doesn't allow all to come into the investment of crypto. People may want to have the benefit of cheap oversea transactions but the entry level barrier is still a bt high for poor countries. About the efficiency there is no doubt.

[BitcoinMaster555]

Bitcoin is already more efficient than bank transactions and also it is very easy to use for the people. That’s why day by day user of bitcoin is increasing and more people are getting interested on it.

[SoliDCoiNs777]

The most important part of bitcoin is it’s giving you complete freedom. You can make transaction from anywhere and you don’t need any kind of permissions. And also the way of its transaction is easier and cheaper than banking transaction.

[AmazingTiger]

Bitcoin transaction is more efficient than bank transactions. When you need to sent large amount of money or to sent on other countries then bitcoin is the solution because it won’t make trouble like the traditional system.

[Eurobot]

"I also think bitcoin is more efficient and reliable than bank transactions. Because there are
many people in the world who do not have access to bank accounts and some people are
even denied when opening an account but in bitcoin no need any permission to use it.
"

[jamesbondbd007]

"I totally agree with you that Bitcoin is better because there are many banks where need to
limit purchases and withdrawals with daily spending limits. But in bitcoin, there is no limit
for spending.
"

[AutisticKid007]

"Bitcoin is not a debt that's why bitcoin is more efficient I think. Because the entire banking
system of a fractional deposit is a huge debt bubble that resembles a complicated
scheme.
"

[1van__]

I think that this is true, bitcoin and blocking are more reliable than the banking system

[bitcoinhunter888]

Furthermore, from numerous points of view, bitcoin offers favorable circumstances that fiat cash doesn't: It's difficult to send $10,000 in real money abroad; however you can send the proportionate sum in bitcoin in not more than minutes.

[btcmaster999]

Bitcoin exchanges are irreversible and can just be discounted by the getting party - a key distinction from charge card exchanges that can be dropped. A charge-back is the request by a Visa supplier for a retailer to cover the misfortune on a fake or debated exchange.

[coinages]

Satoshi Nakamoto, the designer of bitcoin, titled his unique white paper regarding the matter "A Peer-to-Peer Electronic Cash System." This depiction addresses the center contrasts amongst bitcoin and Mastercard exchanges.

[redrose8226]

Yeah it is true that Bitcoin can be better option for cross-border transactions because of its ability to make cheaper transactions. Sometimes more secured and free transactions can be operated easily

[sidneycrypto6]

Well I believe in coming years there will be more crypto platforms than centralized banking platforms for transactions of currency over among different counties and it will be more convenient for all of us

[Luckycoins999]

There is no doubt that Bitcoin is cheaper and it provides enormous freedom while transacting between two people. But it will be hard to beat the centralized system in terms of security. I hope this gets better in crypto

[bitcoinhunter888]

Bitcoin is really great in terms of financial transactions than Banking and any other fiat monetary system. This cause much less time and afford to make any financial transactions. I guess people will accept BTC gradually because of this.

[BitcoinMaster555]

As there is no administration cost required, BTC and many other cryptocurrency offer much more efficient transaction facility than any other Bank. Japan is one the examples that has made reliable use of BTC transaction.

[WaterSeal]

Cryptocurrency offers many advantage over traditional monetary system and Bitcoin being the best crypto in the market is quite effective to make transaction cost cheap. Other countries should use BTC like japan.

[SummerHamster]

Yes banking administrative costs is way more expensive than the bitcoin transactions.Each and every bank should use cryptocurrency and it will be very helpful for mango people.Every country should follow Japan too.

[Dreamchaser21]

Well I believe in coming years there will be more crypto platforms than centralized banking platforms for transactions of currency over among different counties and it will be more convenient for all of us

Its easy now to transact worldwide because of cryptocurrency. This can be more efficient that using the banking system. This is a growing technology that everyone will enjoy soon. We will see cryptocurrency in every countries, operating well to improve the lives of mang people.