Bitcoin transactions will always be the best, and they will never be the same as other bank transactions. Banks are doing their business, and we should all understand that. We also can't do without banks because they are very important to us. Bank transaction fees are too high, which is why we see bitcoin transactions as the best, but we should also remember that banks transactions are the ones we use the most in our countries to pay our bills and other things because not everyone accepts bitcoin payments in some country. There are some people who value fiat currencies more than bitcoin, bitcoin transactions is the best and easiest transaction because the government or anyone has no control over it, i am confident that bitcoin transactions will be the best transactions in the future.
I agree that bitcoin has those unique advantages especially when it comes to sending money across borders without any bank approval. I personally have used both bank transfer and bitcoin. They were situations where bitcoin is simply more convenient, particularly when the recipient is even in another country or when you want to avoid unnecessary delays
So I dont think it is just a matter of bitcoin replacing banks completely, in most countries people still rely on on banks for salaries, pay bills and everyday transactions because the infrastructure is already available. As bitcoin adoption continues to grow, I believe more business will begin accepting it directly, but until that time both system will likely continue to serve different needs. The important thing here is that people now have more financial choices than they did before.
This is one of the main reasons why Bitcoin is used, because you could literally send money all around the world without paying a lot of money, and very fast as well. You do not need confirmation from a bank; you do not get followed by a government; you do not even have technical stuff you need to wait 1-7 business days or whatever. You just send, click the button, and it's gone. Sure, it may require 6 confirmations based on where you are sending, but that takes less than 30 days these days, and what you spend is very low; at times we have even seen it become like 2-3 dollars or less.
This is why Bitcoin is far better than any other payment sender: PayPal, Payoneer, anything. Because there is no chargeback or banned accounts either. I used to have a PayPal account, not even for a business, but for some small website testing I was doing, and I made only 25 bucks from it total, nothing more; that's it, and they even banned that and did not let me get it. This is just me, and a small amount; some people are not capable of accessing thousands of dollars that PayPal froze; their accounts are all gone. Bitcoin has none of that; you are free, and nobody can take your money from you.
