The cryptocurrency world is unashamedly anti-bank. The centralized, profiteering and often fraudulent banking world is the very antithesis of what the cryptosphere is all about.
While this wholesale rejection of centralized structures may have merit, the reality is that legacy banking models have created spaces where users feel safe and transactions are generally smooth and rapid, with consistency in expected outcome. Your grandma probably won’t ever buy Bitcoin because it’s entirely unfamiliar territory.
Crypto exchanges, on the other hand, are gaining notoriety for wildly varying fee structures, financial limitations, and confusing and unhelpful reporting. The technical aspects of cryptocurrencies make transfers safe, but also slow and tedious.
Full story at http://bit.ly/2vzhhZL
Source: CoinTelegraph
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