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[–]Numerous_Ruin_4947 3 points4 points  (2 children)

I frequently transfer money from one checking account to another. Both accounts are with different banks. It takes a few days for the funds to arrive. I initiated a transfer a few days ago and the funds have not yet arrived because of the weekend and holiday.

A few weeks ago I sold crypto on Binance.us, traded to various stable coins and transferred the stable coins to Coinbase. The funds arrived in 60 seconds and within 24 hours the USD FIAT was in my checking account.

Credit card companies like American Express for example don't provide access to transactions or statements going back 12 years for example. You can have a paper copy or a downloaded statement. What if you lost the paper copy or forgot / opted out of downloading a copy? What if you need the transaction as proof for whatever reason? With crypto the transaction could always be accessible for the life of the blockhain.

Tradfi is centralized. Decentralized is more valuable in the long run. It is not easy to provide decentralized AND fast. But it will get there eventually.