[–] toobaditworks [S] 0 points 1 point 1 point (+1|-0) ago
Obviously you don't have the need to wire money nor do understand the magnitude of those that do.
According to this document from the US Treasury, SWIFT handles about $5 trillion per day, or given about 250 business days per year, about $1.25 quadrillion dollars a year.
That isn't even the total of electronic transfers worldwide. Now understand that bitcoin and crypto's can do this faster and cheaper on the blockchain and tell me again that it's a worthless encryption string. You can talk shit all you want but it won't change the fact that crypto's will replace the old system.