I just spent 2 weeks moving money out of a big financial institution and into my crypto brokerage. 2 weeks. Wire transfer fees, limits, and processing times. Then, 24 hours into a wire something is flagged due to "suspicious activity." Cool, I get it, and I appreciate the security. But phone calls and wasted time isn't necessary - give me 2FA and IP Whitelisting and call it a day.Finally go all my fiat moved, and I've been DCAing into my positions all week.I decided to take a sum, convert to stablecoin, and move to an interest bearing account as a portion of my portfolio. It literally took me 5 minutes to convert fiat to stablecoin, enter and approve the withdraw address (2FA and IP whitelist), and for the blockchain to confirm and for the transfer to settle. 5 minutes.5 minutes versus days.Traditional finance doesn't have a chance. I'm done with traditional finance, and I'm all in for the future of blockchain powered financial systems and services.This is the future, there is zero doubt. It's like discovering fire. Can't put that genie back in the bottle.
Submitted May 31, 2021 at 08:32AM
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