ACH

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Post is by: ZawiasBruno and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1s9fbk5/in_february_stablecoins_surpassed_ach_in_monthly/ Stablecoins - $7.2T ACH - $6.8T Visa - $1.2T Stablecoins just passed ACH the backbone of US banking. The last decade gave us a lot of bullshit: nfts, social tokens, daos, gamefi. Fun experiments. Most failed to produce anything with durable, real-world usage at scale. Stablecoins are becoming the foundational infrastructure for global payments: no banks, no weekends, no borders Crypto's boring era has arrived, and imo it's good for the business. What do you think? Data from Artemis *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

OfficialWinner1

The honest answer is they are not truly doing fiat settlement 24/7 they are just designing the system so users don’t notice the delay. What’s actually happening behind the scenes is a split between rails: Stablecoins handle the 24/7 movement instantly Traditional banking (ACH, etc.) still settles on its own schedule So when someone sends money on a weekend, the platform is often fronting the liquidity from pre funded accounts or internal balances, then reconciling later when banks reopen. The tricky part isn’t just infrastructure, it’s managing liquidity, compliance, and banking relationships at the same time. Holding funds over a weekend introduces real balance sheet risk depending on how it’s structured. That’s why the platforms that do this well aren’t just better tech, they are better at treasury and regulatory positioning too.

Uptornator

They initially blocked the ACH transfer and emailed me to talk to them and it was resolved within the day. During the convo I had them additionally wire some as well.

FitCompetition1804

The obvious answer is the amount of funds he transferred is over the ACH limit.

DarkResident305

You wired them money, or used ACH? Why are you sending a wire to River vs a standard ACH transfer?

DarkResident305

Same.  Connected to my USAA account without an issue.  OP did talk about “wiring” though.  Why are they wiring things to River? I’ve only seen ACH. 

absurdcriminality

True, but if they integrate bank rails like SEPA/ACH cleanly, it might make hybrid setups way easier.

Select_Aide_6548

Are you trying to sell it in person for cash? If not, just open an account on any exchange. Send them BTC, they'll wire/ACH you funds. If you want to be KYC free, find someone (like me) trying to buy with cash.

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Post is by: Educational_Gap_8445 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1s1qwfe/crypto_debit_cards_a_comprehensive_review_of_my/ Over the last three years, I’ve made a conscious effort to disconnect from my traditional bank as much as possible. It started as an experiment, but it quickly turned into a lifestyle. I’ve tried almost every crypto debit card on the market, and here is my brutally honest breakdown. Crypto.com (CDC): This was the holy grail back in 2021. The metal cards, the airport lounge access, the Spotify rebates. It was incredible until the bear market hit and they aggressively slashed rewards. Now, staking the required amount of CRO just feels like a massive opportunity cost for very little return. Binance Card: Great while it lasted, but the regulatory headaches made it completely unviable for me depending on where I was traveling. BitMart Card: I recently got this one since I already had a trading account with them. I didn't expect much, but it’s been surprisingly smooth for daily groceries and online subscriptions. Funding it directly from my trading stack without having to bridge or wait for ACH clearing is a huge plus. The spreads at the point of sale seem fair so far. Ultimately, the "best" card depends on whether you want high rewards (which come with high *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

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Post is by: Artistic_Pain_6038 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/Coinbase/comments/1s0qmhm/what_does_it_take_to_get_a_resolution_from/ I attempted to make four separate purchases of coins from my bank account to Coinbase on March second each being $100. I have read many accounts of actions CB has taken from others postings and since CB has always worked flawlessly for me I just considered myself lucky. I have called CB help multiple times and even provided all ACH and tracking numbers and just keep getting the run around. Is there anything CB can do to help resolve this matter or is this just a straight up lack of customer service and essentially CB stealing my $400? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Warrior_witha_Garden

you can buy BTC directly on DEX's with USDC... Robo Sats with the lowest fees are paid in USDT and USDC. I dont think stables are great but what they do better than anything is on boarding. Sure you can export inflation via the dollar. but its a 100x easier to buy btc with a stable coin than some shitty African currency. Stable coins might extend dollar dominance but it will also be its decline, because those dollars can exit the system quickly. I am not advocating for stables. I am advocating for the cheapest spread and ease of use. He could try and use strike if its accepted. You still need to get those dollars to the person that wants them. You can try cash app or strike but many people stopped accepting because of reporting requirements. Not the biggest fan of coinbase but you can deposit the 500 to coinbase then covert to USDC. then send that USDC to anyone in the world MUCH easier than cash or ACH is all im saying. hold the stables and send to robosats and boom your done.

bitcoinmood

That bit at 9:15 about AI agents was actually a lightbulb moment. Most people think AI/Crypto crossover is just meme coin nonsense, but she's right. How is an AI agent supposed to use a legacy bank account? It can't! If we’re moving toward a world of autonomous agents, they need an internet-native way to move value without a 3-day ACH settlement or a KYC check every time they want to buy API credits. Stablecoins are the only thing that actually makes sense for that.

Pbfrm

What are your thoughts after ACH's anouncing a new supply cap?

abhicoinexpansion

You’ve basically nailed the workflow. For the best rates, Kraken and Coinbase are usually the top picks for SOL liquidity. One pro tip: if you use Kraken, check out their Pro interface for lower trading fees, then use an ACH withdrawal to your bank; it's often free or very cheap compared to wire transfers. Another solid 2026 option is using the Backpack exchange, which has been pushing zero-fee off-ramps specifically for the Solana ecosystem. Just watch out for the spread on apps like Revolut; they're convenient but usually take a bigger cut than a dedicated exchange.

explosiveplacard

I did the same thing. I tested this out with a small amount through Coinbase and I also tested it directly with Morpho (which is who CB uses behind the scenes). I have since done some pretty big loans and here's what I learned: * If you are a maxi, and you don't want to have to use a wallet like metamask and jump through all the hoops to wrap your own bitcoin, use Coinbase. The process can't be more simple. * Coinbase charges a 1% origination fee which you don't have to pay if you go direct to morpho * If you originate your loan with Coinbase, you can only service it through coinbase - going direct to morpho is not an option - if coinbase goes down or disappears, you are sol. * Coinbase's alerts and dashboard make it easy to always know where you LTV is One thing that is worth noting: After taking out my larger loan at 50% LTV, I decided I wanted to lower the LTV. You have two options. Add more collateral or pay down the loan with fiat. I decided to pay it down with fiat so I sent money from my bank via ACH. Because of the amount, Coinbase put a hold on the transfer for 5 full days! Had my LTV been in a bad spot, I may have gotten liquidated while waiting. The faster way to do this is to send a bank wire - the funds would have been available instantly.

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Post is by: Whereas-Informal and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1rpekkn/the_clarity_act_sleight_of_hand_are_crypto_ceos/ We’ve all been watching the wrong show. The fight over the Clarity Act isn’t just about crypto vs. banks. It’s about who gets the Fed’s keys. Right now, banks have built empires on fractional reserves, Fed liquidity, and settling payments. The misdirection? While we debated “crypto regulation,” the real endgame is stablecoin issuers potentially gaining Fed payment access. Imagine, Circle settling USDC like a bank settles ACH. Imagine a future where the “bankers” are crypto execs, profiting from transaction flows, holding reserves, and maybe issuing credit. The act’s clarity might just be a smokescreen for creating the next banking elite. Will you be ready when they start offering “crypto mortgages”? Let that sink in. Who’s really winning the long game? And here’s where Bitcoin slips quietly into the frame. While stablecoin issuers are angling for Fed-level privileges, Bitcoin doesn’t need the Fed. Or anyone. As this power struggle turns traditional finance on its head, Bitcoin remains the independent, global reserve asset. It doesn’t rely on bank rails or Fed access. Instead, as trust shifts or inflation bites, institutions may turn to Bitcoin as their new “digital gold.” While the Clarity Act may rewrite the rules for stable coins and banks, Bitcoin’s role is to sit outside the system entirely. So while new “crypto bankers” might emerge, Bitcoin quietly becomes the asset no one controls, just in case the whole system needs a reset. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

Less-East3543

There are lots of resources out there to explain Blockchain, here is one of my favorite interactive websites for it: [https://andersbrownworth.com/blockchain/blockchain](https://andersbrownworth.com/blockchain/blockchain) You can essentially think of it like a ledger or a record that is voted upon, and once it has been recorded it can not change. In order to understand the value of such a system you first need to understand how the current system works. ACH (Automated Clearing House) is how most bank transactions are cleared in the US and it basically involves one organization to gather all of the transactions every day and make sure that each person who is paying for something is authorized to pay for that thing, then they record from their record that the Payer's account is subtracted and the payee is added to. In the US we don't really see this as an issue because we have more (relative) trust in our banking system. You can easily imagine a scenario for a (relatively) more corrupt country whoever is controlling that flow of money can allow or not allow transactions or even pocket some of the money for themselves. Blockchain provides a system of transfer of digital assets without the need for trusting a centralizing third party.

No_Kale_6982

Speed is cool but settlement finality is the real difference. ACH might look instant but the fact it can get reversed weeks later is kinda crazy. With crypto, once it confirms its done, no clawbacks or random holds, which is why a lot of online platforms still prefer it.

nachtraum

What is ACH?

South-Monitor-1589

What’s ACH?

sean_hash

Lightning settles in under a second but the real comparison isn't speed, it's settlement finality . ACH can claw back funds 60 days later.

KateR_H0l1day

I always send with ACH, always there in the bank the next morning, regardless of what time I send the day before. But, I always get what I send with zero fees, I’m much more interested in the amount I get rather than speed. Next day is always good for me, I don’t care about minutes 🤷‍♀️ however as always, that’s just me!

Life_Government7906

US ACH will almost always be slower than SEPA. Mexico SPEI is quick

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Post is by: OkTemperature8301 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1riwrg7/am_i_better_off_using_crypto_based_sweeps_if/ Payout speed is a big deal for me. Deposits are always instant but withdrawals can drag depending on the platform. I keep hearing that using crypto with sweeps or social sportsbooks cuts out a lot of the delays compared to ACH. Has that actually been your experience? I have only seen Bracco really lean into crypto for smooth payouts but I am curious if there are others doing it right. If speed matters most to you are you choosing crypto every time? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

absurdcriminality

Cool stuff. Most off-ramps still require you to park funds on a centralized exchange first. If Oobit is letting you move directly from self-custody into local banking rails like SEPA and ACH, that removes a step a lot of people don’t like.

coinfeeds-bot

tldr; Oobit, a Tether-backed global payments platform, has introduced a service enabling instant stablecoin transfers directly to bank accounts worldwide. This innovation bypasses traditional delays and intermediaries like SWIFT, allowing near-instant settlement through networks such as SEPA, ACH, and SPEI. Powered by Distributed Technologies Research's Stablecoin API, the system supports USD, EUR, MXN, and PHP, with plans for expansion. It offers real-time transparency, minimal fees, and enhanced utility for crypto holders, freelancers, and businesses. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Cryptocaller

I’m guessing that you’ve never heard of ACH or SWIFT where’s you can do exactly that. “Teleport dollars” Is simply making adjustments to a Ledger balance. Are you like 9 years old that you have so little understanding of the financial system?

Ourcrypto_news

ACH Supply Framework sounds like a solid step toward making stablecoin payments more seamless on-chain.

coinfeeds-bot

tldr; Alchemy Chain, developed by Alchemy Pay, introduces a stablecoin payment-native blockchain to support global-scale payments with fast, low-cost transactions. To align with its growing ecosystem, the ACH token supply framework has been adjusted, increasing total supply to 10.8 billion ACH by 2026 and projecting 15.3 billion by 2037. The framework incentivizes validators, developers, and merchants while linking ACH value to real payment activity. This approach aims to ensure long-term sustainability and global adoption of the Alchemy Chain network. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

isaacvictory

That $10k cap is usually just an ACH limit if you fully verify your account and switch to a bank wire (or split it across a few wires), you should be able to move the full $100k without much trouble. For me, some of my asset sent to Coindepo for high rates interest in yield and staking. For new users will also get rewards for deposit

Live_Jazz

It’s more like, me your own bank and your own Federal Reserve and your own ACH and your own SWIFT

lovemyhawks

you'll pay fees out the ass for any deposit funding method that isn't ACH. Paying with a credit/debit card is literally 20x more expensive than a limit order as a maker (4% vs. 0.2%)

EquivalentWitness736

Now is this actually transacting bitcoin or is this just a payment service that takes your bitcoin as the deposit and then does a regular ACH lmao

Informal-Ad220

I no longer trade on Coinbase, but I do recall any time I deposited ACH funds to trade, Coinbase had a 7-day holding period before I could make a withdrawal. Now I trade on Kraken. Several months ago, Kraken lifted their 7-day holding period from my account. Now I can deposit cash, trade, and withdraw my BTC in less than 24 hours.

freakythrowaway79

I did 8+ yrs in Fintech operations processing millions daily in ACH transactions. I was in my mid 20s back then. Extremely under paid but it is was it is. Was it stressful at times, yeah sure. But I was built for it I believe. The volatility swings for me now do even phase me in the slightest. STAY STOIC & STACK 💪🏻 #₿

deny_by_default

Coinbase should let you send it to your own wallet unless you either haven't completed the KYC requirements, or you paid with something like ACH and it hasn't cleared/settled yet.

77sleeper

Are you still in the 7 day ACH hold?

OprahsScaleBroke

Alchemy Pay (ACH) going to blast off! 🚀🌙💰💯🎆

Schrezberatina

Regular bank transfers (not country specific systems like ACH or SEPA) do indeed take days if not weeks. It's why in third world countries, insanely expensive remittance services rival banks when it comes to transnational money transfers. They're faster and straightforward.

ElGuano

Should have just used ACH like the rest of us.

Billaaaaayyyy

Wish this r/cryptocurrency sub would pick up some $ACH traction

RefillCeltics

Don’t route money through friends/apps to “get around” it that’s how people get accounts frozen or scammed. The legit options are boring on purpose: **ACH**, a new account with a virtual card, or (last resort) a **crypto ATM** with heavy fees.

Django_McFly

It would make no sense to operate in America and "skip ACH entirely". ACH is the banking system. It wouldn't make sense to be incompatible with the banking system.

Substantial_Step_351

The 'instant' part is usually a marketing lie based on collateralized credit. Most apps 'front' you the money to buy crypto immediately, but they won't let you withdraw that crypto until the actual ACH transfer clears (which takes 3–5 days). If your deposit is actually 'Pending' and not even available to trade, your bank likely flagged it. In 2026, many banks have implemented 'Risk Cooling Periods' for crypto-related transfers. If you want true instant, you have to use FedNow or RTP (Real-Time Payments), but both your bank and the exchange have to support it. If they don't, 'instant' just means 'faster than a horse.

Long_Lie8296

yeah but why advertise instant when they know its not. Or they could skip ACH entirely

AcceptableSwing4704

ACH is just slow by design. Nothing we can do about it

spectral-cyber

For crypto-to-fiat transfers via ACH/SEPA from Jordan, look at platforms like Wise or Revolut, which already support crypto deposits on some flows and direct transfers to accounts without the hefty SWIFT fees. Payoneer is another option, strong for freelancers and multi-currency with decent ACH/SEPA withdrawals, though it does charge a conversion fee. If you frequently travel to Europe or the USA, Bitwala or Uphold are also good choices because they convert crypto to fiat quickly and use local bank rails, avoiding expensive intermediaries. However, check if Jordan is on their list of supported countries, as local regulations can complicate onboarding. Ultimately, Wise tends to have the lowest fees in the long run if you're moving medium volumes, but try them out with small amounts first to see the actual latency and fees on your specific route.

Worried-Bottle-9700

I usually just use ACH since the fees are lower, but debit cards are fine too if you want it instantly. As for exchanges, I've had a decent experience with MEXC, nice range of coins and pretty straightforward. No matter what you choose, once you get set up it's pretty smooth from there.

Ordinary-Outside9976

I usually use a debit card for quick buys but ACH from my bank is nice for lower fees. As for the exchange, I've been using MEXC, it's pretty straightforward and has a lot of coins available so it works well for me.

wmrsion

JPMD, or J.P. Morgan USD Deposit Token, is available on the Base network as a fully functional, production-grade deposit token for institutional clients, having transitioned past its initial pilot phase. It is considered a legitimate, albeit permissioned, form of digital currency within the regulated banking framework. [1, 2, 3] Key Details • Status: JPMD is an official, live product of J.P. Morgan's blockchain division, Kinexys, built on Base, the Ethereum Layer 2 network developed by Coinbase. While initially launched as a pilot and proof-of-concept in June 2025, it has since been officially rolled out for institutional use. • Nature: It is a digital representation of USD deposits held at J.P. Morgan on a 1:1 basis, meaning it is a direct bank liability, not a stablecoin backed by off-balance-sheet reserves. This structure allows it to operate within existing banking regulations and potentially be interest-bearing. • Access: Access is restricted to J.P. Morgan's institutional clients who have completed the bank's onboarding and compliance (KYC/AML) requirements. It is not available for retail users or the general public to freely use in open decentralized finance (DeFi) protocols. • Purpose: Its primary use is to enable near-instantaneous (24/7) on-chain settlement and payments for institutional transactions, significantly faster than traditional systems like ACH or SWIFT. • Legitimacy: JPMD operates under the oversight of banking regulators and fits within established regulatory frameworks, giving it a clear legal status that many stablecoins lack. The token is used for real-world financial operations by major institutions like Mastercard and Coinbase themselves. [1, 2, 3, 4, 5, 6, 7, 8] In short, JPMD is a legitimate, fully regulated, and live institutional digital currency that operates on the public Base blockchain, but is limited to authorized participants rather than being an open-access "currency" for the general public. [9] AI responses may include mistakes. [1] https://atomicwallet.io/academy/articles/what-is-jpmd [2] https://www.theblock.co/post/378493/jpmorgan-deposit-token-jpm-coin [3] https://www.thebulldog.law/jpmorgan-launches-jpm-coin-on-base-network-legal-implications-for-institutional-digital-assets [4] https://www.jpmorgan.com/payments/newsroom/kinexys-usd-digital-deposit-tokens [5] https://www.jpmorgan.com/payments/newsroom/jpm-coin-usd-deposit-token-institutional-clients [6] https://finance.yahoo.com/news/jpmorgan-brings-dollar-deposit-token-113748863.html [7] https://atomicwallet.io/academy/articles/what-is-jpmd [8] https://quasa.io/media/jpmorgan-launches-jpm-coin-on-base-bridging-traditional-finance-and-blockchain-with-yield-bearing-deposits [9] https://blog.base.org/jpmorgan-is-moving-onchain-on-base

Naive_Conference_860

Been using Kraken for like 2 years now, ACH transfers are pretty smooth and the fees aren't terrible compared to some other exchanges I've tried

billy_the_zyn

I don’t the community at large for crypto in America realizes the work that Brian Armstrong and CoinBase (whether you like them or not) are actually doing to work with the US gov for appropriate stable coin legislation, vouching for the correct $USDC regulation, and really being a leader. They have the og 0% conversion fee contract with Circle ACH. Keeta just delivered the 2nd lowest USD to USDC ACH conversion at 0.25% on their platform, basically delivering a promise of Ripple that’s never been fulfilled.

OprahsScaleBroke

Alchemy Pay (ACH) 🚀🌙💰💯🎆

Zero_Phux_Given

What are the least expensive ways to self custody different crypto? I can ACH funds to an exchange and buy at the prices I want, but then withdrawal fees are typically expensive. I can get stablecoins and Solana to self custody relatively inexpensively and "swap" them, but with swaps I'm seeing ~2% loss when it comes to fees and slippage - even when swapping one stablecoin for another.

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Post is by: Zero_Phux_Given and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoMarkets/comments/1q1nh63/least_expensive_way_to_selfcustody/ What are the least expensive ways you know of to self custody crypto? I can ACH funds to an exchange and buy at the prices I want, but then withdrawal fees are expensive. I can get stablecoins to self custody relatively inexpensively and "swap" them, but with swaps I'm seeing ~2% fees and/or "slippage" even when swapping one stablecoin for another. Any advice is appreciated, thank you :) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoMarkets) if you have any questions or concerns.*

pop-1988

Kraken even bought a bank to circumvent debanking. And then that bank was blocked from access to the ACH network

akcryptofinancial

That’s a high bar — and I respect it. If crypto ever “wins,” it’s because cross-border and payroll start feeling instant and routine. Do you think it happens by replacing SWIFT/ACH outright, or by running under/alongside them (same front-end rails, on-chain settlement in the back)? And what’s the first wedge you’d bet on: stablecoin B2B payments, remittances, or payroll?

23_skido-o

SWIFT/U.S. ACH replacement.

PsychologicalBit803

WTF??? Yeah guy I’m no programmer like most people. My current monthly ACH works just fine.

PsychologicalBit803

That’s not where most those fees come from. Most is from banks encouraging it with overdraft programs. It’s also a fraction of the problem it used to be in the US. Wasn’t that long ago banks charged $35 per occurrence. Short .25c, get dinged for $35 plus they send the ACH back causing another fee from the place you were paying. It’s not difficult to get in a financial death loop if you don’t make much. I had check cashing and payday loan businesses. I saw these customers daily and I can assure you WE were not the ones screwing customers with high interest rates. Bank regulations are better now but they still make plenty on these fees.

qwer1627

The other day I asked the community about what it is that Bitcoin offers that classic ACH\SWIFT\FEDWire doesnt, and how in any way shape or form can hard cap of 7 transactions per second ACROSS THE ENTIRE BLOCKCHAIN can scale to be used at the scale of aforementioned classical solutions, all of which operate at or above ~100 thousand TPS day in and day out. I was told about L2 solutions, all of which appear to rely on repeated transactions with a given entity - which would at most general have to be a bank, meaning that we once again have to trust a 3rd party and lose all zero-trust capabilities BTC promises. I am not convinced one way or another yet, but so far, the evidence points toward this being an asset similar to any other faux valuable in history - none of which have survived to 2025 sand perhaps diamonds

qwer1627

Do you understand that this just means that L2 networks are the same exact abstraction over this very same issue with Bitcoin? I will let you know that 7 TPS might as well be 0, there is not a worldwide system that has such a tiny limit so architecturally coupled to implementation. Gold’s inability to scale didnt give us Bitcoin - it gave us ACH and SWIFT\Fedwire. Bitcoin gave us Lightning network - do you see the irony yet?

qwer1627

Yeah i literally asked a question in OP and thanked people for answering - explicitly stating I was ignorant and came to the community to understand :) which is a fine thing to do by the way! Also, so far the only solutions I’ve been shows re-tread the issues of ACH\SWIFT, with hard assets and logistical issues of their lagging settlement being replaced with soft assets and networking\load mgmt issue of their settlement in the block. Am I wrong?

qwer1627

I sorta despise these triangle generalizations that fail anytime an actual system has to be integrated, as it is an instrument of sales and not one applicable to case-by-case requirements of actual deliverables (which demand certain ratios between the three hypothetical sides) so I’ll answer the snarky question with a snarky question I genuinely do have: would you mind drawing your impression of this triangle implemented in BTC L1 network and that of SWIFT or ACH? Please include units and magnitudes for the values of the sides so we understand the scale; at some point I will reply with my own impressions and justify them accordingly; should help us both understand the gaps in each other’s knowledge and understand respective misunderstandings; will be fun regardless

Assist_Lumpy

river holds funds into the transaction clears on the ACH side. So anywhere from 5-7 business days.

mjmeyer23

I have a suspicion that there are more copies of the btc blockchain spread all around the globe than all of the backups of all of the major banks IT systems, combined. when the lights come back on, I'm pretty sure we'll be able to recover the btc blockchain and be back to tick tock, next block before we have Visa or ACH back online. the forking mechanic in btc should even survive the fact that different localities might independently start block production at different points in time. I think btc is about the most anti-fragile ledger humans have at this point in history.

night2night

You must not have heard of ACH payments in North America.

iama_regularguy

In the US, it's called ACH and it's basically the same thing

drycharski

When ACH or wire fraud (or a number of other anomalies) take place, money usually is able to be recovered through cooperation of FIs and the clearing house. Let’s say that a business accidentally or fraudulently has a 50 million dollar outflow via Bitcoin’s payment rails. What is the recourse for such an event? The answer is the reason why banks will stick around for a long long long time.

23_skido-o

This seems reasonable.  Blockchain is a way to handle accounting and settlement that would have pros and cons for different scenarios.  If it helps banks more than SWIFT/reserve accounting/wires/ACH, etc. do in some fashion, they'd probably adopt it.

arctic_bull

ACH is legacy tech, FedNow has been around for years now and allows basically free instant settlement in the US for legacy banks. If your exchange hasn't adopted it, it's because they want you to think US banking sucks, not because it actually sucks.

CryptoNerdSmacker

This deal basically just linked ETH and XRP to ACH directly via RLUSD. From ACH they’ll Segway into FES, etc. Huge news for XRP and ETH. The upward pressure on them from RLUSD will be substantial.

Django_McFly

this is actually pretty massive news, especially if it means your account can deposit and withdraw stablecoins 1:1 with USD. I would get an account just to avoid the 3-7 day delay on ACH deposits.

Squirrel_McNutz

This is kind of a dumb argument. I mean I get what you’re saying but have you tried to do bank transactions with the archaic American system? Even something as expectedly easy as an ACH transfer is a nightmare. It’s disingenuous to pretend that 2 clicks are the norm when the normal banking system is nowhere near that easy either.

No-Pea-7530

Right. So those swift and ACH numbers understate the number of payments banks handle

No-Pea-7530

If you send money from your account at a bank to another at the same bank do you think they are using swift or ACH?

No-Pea-7530

ACH runs 23.5 hours per day. Visa is 24 hours, come on.

Scionic94

What are business hours? What is uptime? Key points outside of transaction volume. Moreover, who has control over ACH and SWIFT ledgers? Who has control over BTC’s ledger?

No-Pea-7530

lol. Do you have any idea the volume of payments swift and ACH handle daily? No, bitcoin can’t possibly keep up.

Scionic94

So many privileged westerners in the comments that don’t understand allodial title, bearer assets & settlement, or the concept of outside money. We get it. Debit, ACH, SWIFT all work for you. This is NOT the case for vast swaths of the world’s population. Check your financial privilege before you shill for the fiat banking cartels.

Scionic94

Coffee in lightning, settle onchain at the end of the day. Similar thing happens with visa relative to ACH/SWIFT. The BIG difference that every privileged westerner misses is the allodial title and outside-money nature to self-custodial settlement.

Green_Struggle_1815

> Did you edit your original comment? no > Are people using ACH and SWIFT for their coffee payments? Lmao no mostly debit cards here. which have far lower transaction fees than btc.

Scionic94

Did you edit your original comment? Are people using ACH and SWIFT for their coffee payments? Lmao

Scionic94

Certainly more efficient than ACH and SWIFT in every single way.

rgnet1

When you buy something online, you think the problem is solved with credit/debit cards or arcahic transfers like ACH, but are not aware of the paper cuts being made on you along the way. And those fees by middlemen cause higher prices, but you think you’re winning because of some cashback reward which is really money they’re giving you AFTER they’ve taken profit from the merchant / recipient. That’s just the cost issue. Those middlemen also can freeze or delay your transactions. Some recipients, especially in authoritarian leaning countries, can’t even receive your money. Bitcoin is permissionless. These are real problems. In your narrow, privileged view of money where you’ve never been unbanked or never had your money delayed, you think there is no use case for money without central control. And this doesn’t even cover debasement.

hank_3321

Only cash and cash equivalent transactions trigger a currency transaction report. Transfer between accounts, ACH deposits/withdrawals, check deposits/withdrawals, wire transfers, etc. do not.

PulpAssets

Privacy, Revolut & Wise you can top-up via ACH. Halocard you can load with stables or crypto. All need KYC.

relativityboy

Looks like banks being responsible. I've had gobs of money in a bank for one of my businesses but if I tried to move more than 3k out of the bank _via friggin' ACH_ they'd decline the transfer. Nutz.

Bigfoot253

Banks will always rather you use an ACH, Wire, or Cashiers Check.

Buttoshi

Bitcoin true settlement of scarcity is faster. Does ACH work on the weekends and holidays?

commodore_kierkepwn

Yea hes just jerkin his brain off. IF ALL WEALTH IS X AND LOST BITCOIN IS Y THEN ALL BTC IN SET Y WILL EQAUAL THE AMOUNT IN SET X. AND OH X IS ALWAYS THE SAME BECAUSE I READ THE FIRST CHAPTER OF DAS CAPITAL AND KNOW WHAT VALUE MEANS. The future of this digital currency relies on a growing online black market ✅ “people wanting to trade from Evan’s wallet to not Evan’s wallet” ✅ A faster system than ACH that’s similarly easy to use that will be passed by any policy leader ❌the same in Europe(is fast)❌ the same in Africa ❌ the same in China (I hear is fast) Ummm And I guess basic macroeconomics would have to be wrong(not about fiat ya dingus about scarcity are you not reading???). Also the ease of payment is huge to me. Tips, migrant workers, undocumented laborers, Appalachian pharmacy plugs (although btc decreases the demand for these good folk who’ll sell you a poke). ✅

PhoeNix_WYL

If I ever needed to buy around 50k of BTC for a project, I would compare ACH based exchanges against any OTC desks my bank is comfortable with. Best Wallet helps me track costs, fees and spreads may sneak up.

Sixhaunt

he never said ACH, he said bank transfer. Here in Canada that means e-transfers and they are instant. The rest of the world has had good bank transfer systems for a very long time just like the USA is lagging behind in terms of still using the old fashion bills and still not standardizing restaurant POS machines brought to the table rather than your card being taken out of your sight/control for it. The USA can always join the 21st century for monetary transactions if it wants to.

T1Pimp

I commented how you're wrong. You said ACH in response and then changed the subject to something irrelevant.

T1Pimp

ACH takes 1-3 days to settle. You think that'll fly huh?

mikehamp

no. the only MasterCard or Visa card that looks really good to me is ready app card. amazing features on that card and the wallet is not bad. they also allow ACH and Iban conversions to usdc for free. only downside you need to bridge to Starknet. pretty easy. I don't like any other self custody wallet at present. I don't like all these gimmicky reward cards with levels. I just want a no fx card with 1 simple reward cash back. that's it. it would be nice to earn on usdc too which you sort of can here too. there is also no need to top up card which makes crypto.com useless.

coldfisherman

I had very high hopes, even modified a ton of corporate software to replace ACH transactions with ETH/ADA/SOL but then..... out came a bunch of blatant scams with Trump coin and melania coin and whatever. I couldn't even say crypto at a meeting without getting some major negative judgement. Literally hundreds of thousands of dollars of coding into the trash. It's infuratiting to see so many points where crypto could save a fortune and make everything so much easier, yet a single politician can turn it into garbage - even with all the corporate heads all trumpie, they believe it's just a scam to make money (and They are literally OK with it for that purpose!) ugh. Now.... I don't know. I sold a bunch and bought some rental properties this year I still have some that I couldn't bear to part with, but honestly, I think the ALT coins and this endless scamming from politicians. Will never end

btcprint

Just a settlement mechanism, not 'crypto*currency*' Much needed over ACH and wire transfer.

willieb1172

I’m in the US, been doing this a while. What works best for me is, ACH to Kraken, then transfer to cold wallet. Only Ledger or Trezor, bought directly from company website.

pop-1988

ACH transfers are slow because of the transaction reversal risk. This is a problem specific to the USA. FedNow was supposed to enable instant bank transfers, and retire ACH, but the Fed is deliberately slow and restrictive about approving banks to participate in FedNow. What are they afraid of? Customer convenience?