Why I hate Banks and love Bitcoin :->

[oapieNL]

Banks also hate money. I hate also banks.
Transaction are fast in netherlands, but the bankcards are crap.
cards are times as thin with less plastic
Gold on the chip is now silver
they have used copper as little as possible


Bank like crypto. safes time and a lot of money.
That is why this system was conceived and developed by tech companies and the people people.

Banks will continue to exist, but they will become richer because everything will go automatically. Lot op people not needed annymore and 1 building for all administration.
People will always need loans. But will probably come up with an option to deposit it with a full compensation if it is stolen.
If you yourself have the risk of being hacked, all your money will be gone forever.

See bitcoin as a test mode right now. In a positive mind.
But how can you test it better than doing it worldwide?
Testing with mass hystery and dumps, with a lot and less miners.
2017 Bitcon was stress tested full power to see if blockchain holds, then fast dumps and so on and looking what it cant do. Whats going to happens. Think the exciting thing for techs is to wait anyway when all bitcoins are mined. Destroys the blockchain his self, works it after all coins mined well. they don't know it either.
Bitcoin technology is now just as far back as the T-ford.
10 years on, bitcoin has developed so far that it can no longer be compared with now.

[Duzter]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing>

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. 

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 

Around the world we've got billions of satellite TV subscribers, and what you've encountered doesn't seems to be a big issue. Most of the time there won't be much issue with the payment, but the later process of adding service to the respective number gets delivered delayed. I believe this will happen with bitcoin too, as it happens with one in thousand users.

[BitHodler]

That's just how they operate. If you transfer money from your bank to another bank (in this case the bank of your satellite service), the other bank has to approve the transaction within its daily frame of business hours.

If the bank of your satellite service is located in a different country, things can become even more complicated and time consuming because there may be third party banks in the middle functioning as hop.

Bitcoin would offer a much faster alternative, but if your satellite service isn't aware of its advantages, they won't be accepting it, so based on that I would contact them and educate them about it and preferably so that they accept LN.

If they don't want to accept LN directly, there is a third party payment processor being CoinGate that offers LN payments.

[uneng]

This is a common situation I think almost everyone has already been. It also happens when we need to make a transaction on friday night, however the transaction will be only made by the bank on next monday morning.
On this point bitcoin has an advantage. Its system doesn't stop working on weekends or during some hours, it works 24/7. Banking system is still too archaic for the modern times we are living, they have much to learn from bitcoin.

[kotajikikox]

Sad to say that not all transaction can be made by bitcoin.but why we love now bitcoin  than bank.is it because bitcoin now is can trusted for.your money is in safe mode.bitcoin also can used for bussness transaction as easy as well done bank so many ways before the transaction be done.although yes we still believe in bank but for now I used bitcoin.

[snowblack]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing>

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. 

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 

Why don't you use Ethereum or Ripple or other crypto currency? They more quickly,just only 3-5 minutes. Bitcoin have to lost 20 minutes for this work

[Aldrinx00]

I feel you banks are slow in everything deposits, withdrawals etc. That's why when i stumble upon cryptocurrency i took out my money on banks immediately because using digital currency is far more way advanced faster and the fees are very low, it's more convenient than traditional banks.

[pushups44]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing>

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. 

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 

The transparency and distributed nature of blockchain technology, once it scales, will put pressure on traditional businesses relying on legacy systems. This particular case highlights the need to improve payment processing. There is no need for payments to take hours or days to reflect in an account.

[Juggy777]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing>

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. 

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 

This is a really sad scenario where you didn’t get to view the match even after paying up, why didn’t you have automated payments set up where they deduct money from your existing balance. I hope you will highlight this issue on social media and tag your bank, as it’ll make them realise they need to give better services to it’s customers. One suggestion I can give you is to start a campaign on change.org, where you can ask your satellite provider to accept payments in bitcoin, if you get lots of support they may just accept it.

[kaya11]

I remember the same experience and waited for 3 days just to confirm the transaction. I transacted on a holiday and I forgot that the bank that I am using is somewhat having problems with holidays and weekends and starting from that day on, I did not use the banks anymore.

[jakelyson]

I do not know what type of payment OP used, but online payments should only take a few minutes. Delay can happen in any ends. It may also be because of his service provider's fault, not the bank. Anyways, delays cannot be avoided sometimes, it happens even if you use bitcoin. Bitcoin can also have problems in confirming transactions.

I remember the same experience and waited for 3 days just to confirm the transaction. I transacted on a holiday and I forgot that the bank that I am using is somewhat having problems with holidays and weekends and starting from that day on, I did not use the banks anymore.

What payment method are you using now, if you are not using banks?

[Ray55]

My mobile banking app has beautiful features. I do all my recharge from my app. Mobile, DTH, My Electric Bills, Internet Router Recharge Everything. The special feature available in it is "Alert me before expiry date". Not only this, if there is enough balance in my account, then auto-recharge is done by itself. Which means I do not have to do any tension with the recharge.
But the World Cup For that we all wait for four years. Whereas, besides each country, every match is interesting. Missing a match there means that it is very sad. I try to watch every match, but sometimes I can not see it due to the lack of time.

[Rufsilf]

That must be very frustrating most especially your about to hit the climax of the game and then it got cut-off. Bank transfer usually take few hours depending on what bank and some may even take 1-3 business days to process which is why it very inconvenient unlike when you use bitcoin it’s like 30 to 1 hour wait for the payment to be credited to your account. Well, I guess for now you really have to make a reminder of your payment schedule for this not to happen again since the satellite company does not accept bitcoin.

[Kakmakr]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing>

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. 

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 

Why don't you use Ethereum or Ripple or other crypto currency? They more quickly,just only 3-5 minutes. Bitcoin have to lost 20 minutes for this work

You obviously did not read the post or you did not understand it.    If my satellite service provider supported Bitcoin payment,  I would have paid with Bitcoin or any other Crypto currency supported. They only accept credit card payment or bank transfers, so I am stuck with that. 

We need to launch some collective action to ask more services like this to accept Bitcoin payment. If you pay before the payment date, you do not have issues with transaction delays and you can pay via payment processors if they want instant payments. 

[Qurelal]

I still don't understand why some countries reject cryptocurrency.
It looks like they really get scared of it.

[Apes]

maybe you can use scheduled payments, generally internet banking facilities provide scheduled payment features. thus you can't miss the routine payment schedule. it seems that not many companies accept bitcoin as a legitimate payment, so  bank payments are the main payment method for your satelite tv.

[Babyrica0226]

I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing.

I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot!

8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing>

A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished. 

If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. 

Well, to be honest I also hate bank because of its centralization system, they have a lot of requirements request to their client before withdrawing the balance of the users. Then once you didn't comply it, you can't able to get it. Where in Bitcoin was reversible since were the one who manage our own coin to convert it into fiat, the transaction was not slow or delay instead its fast rather than bank anyway.

[Koadharber]

If we make transaction into the banks we cannot make it instant because banks have many process and also we can experience delays,rather bitcoin we can send it directly to our reciever and less hassle hopefully someday banks adopt bitcoin so that if we make a transaction we can send it instant.

[bhabygrim]

We all have our own reason why we love crypto and hated banks ,
For me I love crypto because I could use it easily I could create account without hassle unlike in banks we need to complete some few requirements in order to create a bank account.
And bank theft is also one of the big reason why I hate banks I mean there are some scammers and thieves in crypto ,
But unlike in banks we are the one who are responsible in our crypto we are the one who should control it and take care of it.

[samcrypto]

I don't always used bank but of course I'm still have my savings account and luckily in my place, we can pay all our bills online using our bitcoin and that made our life more easy.
This is our local wallet who works a lot just to have this kind of services, and its coins.ph for everybody's information I hope to hear a more good local wallet on every place of the world.
Don't be sad, soon in your place a wallet like this will also be available.