Re: I fail to see the point of digital currencies
Except that coffee shop transaction usually takes at least one working day to fully go through and incurs an up to 3% card processing fee (that the shop usually absorbs or subtly passes on to you).
Similarly, as a company making and receiving international payments, there is considerable delay not to mention expense when making transfers via the SWIFT system (which is anything but swift these days).
I think I agree that digital currencies managed by a bank don't really offer much over what they already offer - but perhaps without the exorbitant fees incurred sometimes, not to mention the rip off way banks remove money instantly from your account but drag their feet when it comes to paying money in - thus minimising the interest payments they have to make.