I can send you £1000 anytime of day and day of the year. So what use is it? Come to the UK and EU this stuff is solved.
Replies
Fast payments aren’t hard when operating only within a narrow corresponding bank network (ask any HFT firm) US has RTP, Brazil has PIX, EU has instant SEPA, UK has Faster Payment, etc Now make it so any of those can send any asset with any size to Singapore and settle in 400ms with sub-penny fees.
sep 1, 2025, 12:02 am • 0 0 • view
But why would a bank want a transparent ledger of all its transactions ?
sep 1, 2025, 5:40 am • 0 0 • view
In the long run all that matters is what users want, banks can either build that UX or not. But I agree privacy tools need to be built otherwise we are cooked. There was lots of work being done there until the Tornado Cash devs got arrested, putting a chilling effect on major privacy advancements.
sep 1, 2025, 6:20 pm • 0 0 • view
Me and everyone already I know have banking apps that work fine.
sep 1, 2025, 7:19 pm • 0 0 • view
I’m jealous, what apps do you use?
sep 1, 2025, 11:41 pm • 0 0 • view
Have you thought considered that we have significant consumer protections with Banks, such as the ability to reverse a transfer. You have not sold stablecoins as an individual, organisational or state level. Likely because you’re financially invested in being correct.
sep 1, 2025, 7:17 pm • 0 0 • view
That’s awesome! Out of curiosity, how many EU (or even US) bank failures have there been, both in aggregate and per capita, since 2018? And how many NYDFS regulated stablecoin failures by comparison? I don’t need to sell anything, the systems compare themselves.
sep 1, 2025, 11:36 pm • 0 0 • view
If the system only works well within a certain jurisdiction, then it’s conveniently better than not having it at all, but it’s simply not as good as a global state machine.
sep 1, 2025, 12:02 am • 0 0 • view