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RE: Coinbase Stablecoin - SWIFT Panics About Crypto - $16m Bitcoin House

in #cryptocurrency6 years ago

Swift will definitely lose in the long run if they don't catch up. Few days ago I did a fiat transfer with swift, took 4 days... What's that?

Of course no startups would like to work with swift because it is too slow and also probably expensive. The challenge in that case is to integrate cryptopayments into the existing book keeping solutions and having (or not!) the proper tax regulations in place. Once that's fixed I don't see why not to accept cryptos as the main payment system since it's pretty easy to integrate.

Banning Iran from it? I love those kind of actions because it just adds powder to the fire. Of course they will look for alternatives which will bypass the ban and when other countries see that they will probably start going that way. Many countries don't like the US trying to play the police of the world. The more they try to ban the better it will get!

Interesting episode, keep it up!

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