The banks are losing out to pay-day stores.

I can't remember the article name, but the point was that banks are slow, and are riddled with hidden fees. The pay-day / check cashing stores have all their fees clearly posted and although the fee is high, the money is now.

The banks have already lost.

Cryptos takes that one step further.

Unfortunately, F-c-book coin is really FED coin packaged through its best public face. F-c-book coin is just a pretty wrapper on the old banking system. And we will see all kinds of blockages and money loss once it starts.

"... oh, we're sorry, transfers to Venezuela have been temporarily suspended. Your transfer will be processed as soon as possible..." As soon as possible meaning when The US decides to lift the bans,...BUT you already sent the money, its gone from your account.