So, instead of my bank sending money to your bank, I use my bank to send money to a bitcoin broker, then I send the bitcoin, and then their broker sends money to their bank, adding two more middlemen.
You’ve got it backwards. Instead of sending bitcoin to an exchange, selling it for dollars, doing a bank transfer, and then the recipient buying bitcoin, you can just send bitcoin from one person to another.
So, instead of my bank sending money to your bank, I use my bank to send money to a bitcoin broker, then I send the bitcoin, and then their broker sends money to their bank, adding two more middlemen.
You’ve got it backwards. Instead of sending bitcoin to an exchange, selling it for dollars, doing a bank transfer, and then the recipient buying bitcoin, you can just send bitcoin from one person to another.