It may differ depending on countries, but I tried sending $8k USD to Malaysia and it took some time. Can't remember if it was weeks or days but point being it wasn't as instant as crypto can be.

Also, I think you're neglecting to point out the rigmarole involved with making a Wise account — connecting your bank accounts etc. And the recipient might also need a Wise account for instant transfers (but I believe Wise becomes a custodian for your funds in that case).

Crypto wallets can be generated by the click of a button. I think I taught my mom how to make a crypto wallet at some point. She didn't understand how to keep her crypto safe, which is its own issue, but wallet creation is easy.

I'm far from a crypto maximalist, but nigh-instant transfers with very little fee is a very attractive benefit of crypto.

> What's the problem with using Wise?

On march 16th 2022 I sent $500 to my cousin in the USA, the transaction was completed on may 2nd 2022 after 9 back and forth emails with support. The first email on march 16th was asking me to confirm some information which I did same day, the other 8 back and forth emails was me asking when was my transaction going to be completed... at that time I had been an active wise user for 3 years...

I'm a Wise user. Transfers are mostly fine for currencies they support. The transfer is usually pretty fast. I tried paying for a guided Hike in Tbilisi, Georgia a few years ago, and the transfer took almost a week, so it's slow in some cases. For currencies Wise doesn't support, you need to look at other options, such as Western Union or crypto.

What's the problem with using crypto?

Protection and control are indistinguishable. And secondly what if the State is a bad actor?

"Protecting" free trade from "bad actors" is just an extension of the state to control what "free trade" is from what it considers "bad actors".

Bad behavior does exist, but current technology far exceeds the capacity of bureaucracy to implement free trade, protection from bad actors, and most importantly Trust. The state itself becoming a bad actor is an increasing risk, which technology helps to hedge against.

I think it's important to remember that the Government IS PEOPLE. How are the people in Government any different from "normal" people.

They're not.

And so the people in government will be just as misguided, corrupt, fallible as any other organization of people. Technology helps us hedge against those failures.

> In EU, regulations are heavy and the result is I can send money instantly for free.

I can assure the cost of those regulations is enormous for the banks. They were forced to make the SEPA transfers free but you ended up paying for it everywhere else.

yeah, I checked a couple countries and I don't see this instant transfer for free. certainly not for every EU country.

and then let's not even talk about the instantly part, that is just simply not true.

Try sending money to a supplier in Iran or Russia and tell me how helpful those EU regulations are.