For sure. Not only that, it can take days, where in that time they are earning on it too. My brother paid I think 13% fees to send my daughter a couple hundred dollars of r her birthday a few years ago. That is insane.
I don't think you are thinking of it wrongly. I think most people are though, as they believe that the current conditions today are the only conditions. A couple years ago, there was no DeFi, no crypto cards, no gaming, no nothing... Five years form now, the products and services that fill this space will be very diverse and they will start being increasingly divergent from what is possible anywhere now.
Yeah the delays are something I forgot about. How ridiculous lol.
Thinking of 5 years from now is wild, to think of all that's happened in just the last year alone!
Sadly, even with the coming of Decentralized finance, many people are still depending on their party institutions for carrying out their financial activities. You couldn't have imagined that people will prefer bitcoin ETF to Bitcoin itself.
Most times it feels that these third party financial services are part of the obstacle preventing the full adoption and use of defi projects and cryptocurrency.