Archived Bitcoin Price Hits Five-Week High Above $10,000 (coindesk.com)
submitted ago by toobaditworks
Posted by: toobaditworks
Posting time: 1.1 years ago on
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Archived on: 1/25/2020 10:00:00 AM
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Archived Bitcoin Price Hits Five-Week High Above $10,000 (coindesk.com)
submitted ago by toobaditworks
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[–] 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.