Comment on Bitcoin passes $120k milestone as US Congress readies for 'crypto week'parentComments−fsflover1y"Fast and cheap payments" have been fixed using regular fiat and banking services. I daily transfer and pay for stuff without any charges.Could it be that bitcoin forced banks to compete?−xnorswap1yNo, because the systems pre-date bitcoin.Chip & Pin launched in 2003Contactless payments launched 2007. ( Yes, these pre-date Apple Pay, etc, by quite a long time )Faster Payments System launched 2008 ( After a decade of planning )Bitcoin launched 2009.
Comments
Could it be that bitcoin forced banks to compete?
No, because the systems pre-date bitcoin.
Chip & Pin launched in 2003
Contactless payments launched 2007. ( Yes, these pre-date Apple Pay, etc, by quite a long time )
Faster Payments System launched 2008 ( After a decade of planning )
Bitcoin launched 2009.