Real-Time Settlement vs Traditional Banking: A Comparison

in #blip • 2 days ago (edited)

When Blip settles a transaction in 1.5 seconds, it reflects a completely different system from traditional banking.

Speed:
Blip (Solana) finality averages 1.5 seconds. Domestic wires take hours or a day, international SWIFT transfers 3–5 business days, and checks up to 14 days.

Cost:
Blip transactions cost about $0.001 + 0.1%. Domestic wires cost $3–7, SWIFT $20–40+, and cards/PayPal 2.5–4.5%.

Availability:
Banks operate during business hours. Blip runs 24/7/365.

Transparency & Reach:
Bank transfers offer limited tracking and rely on intermediary banks. Blip transactions are verifiable on-chain and accessible globally to anyone with internet and a wallet.

Traditional banking was built for paper systems. Blockchain enables instant, borderless settlement.

Get Details: https://www.blip.money/blog/real-time-settlement-vs-traditional-banking-comparison

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