go to content go to navigation go to page bottom

go to page top go to navigation
Banner uk
Community Timeline

Please Sign in to post a status!

Please sign in to add a Personal Money Question!

Moderator

JoelDalais

Here's a practical case example

bitcoincash:qzzu3h09hnucxaxkgtkehs047k0zx526y5xu494n64 - an address (like a bank account) that I just created at the click of a button

(oh, did I mention that users can literally have more than a million addresses, and more. Compare that to opening a traditional bank account...)

So, for example, I just sent some BCH to myself;

https://explorer.bitcoin.com/bch/address/bitcoincash:qzzu3h09hnucxaxkgtkehs047k0zx526y5xu494n64

Now IF a bank used this kind of technology, even for just national deposits/withdrawals. Imagine how much it would lesson the Customer Service hassle, how much happier every customer would be when they can very easily see for themselves EXACTLY where their…

more »

JoelDalais

Here's a practical case example

bitcoincash:qzzu3h09hnucxaxkgtkehs047k0zx526y5xu494n64 - an address (like a bank account) that I just created at the click of a button

(oh, did I mention that users can literally have more than a million addresses, and more. Compare that to opening a traditional bank account...)

So, for example, I just sent some BCH to myself;

https://explorer.bitcoin.com/bch/address/bitcoincash:qzzu3h09hnucxaxkgtkehs047k0zx526y5xu494n64

Now IF a bank used this kind of technology, even for just national deposits/withdrawals. Imagine how much it would lesson the Customer Service hassle, how much happier every customer would be when they can very easily see for themselves EXACTLY where their own deposits and withdrawals are.

And because its programmable money and far more secure than the traditional system, Fidor wouldn't even have to do it for you (its possible to make it just a manual 'click approve' box if required). Customer could request a withdrawal, there would be no "where is my money Fidor?"

Because Fidor could just show the transaction hash and show its been processed. And if a bank (Fidor or others) refused to show any transaction hash then its obvious that the transaction hasn't been made.

True transparency for you ;)

Your comment :


go to page top go to page bottom