I want to make a transaction but want to know the fastest way in which the entire transaction will get settled.
Bitcoin is indeed faster than the three mentioned payment methods, lets talk about the three one by one. First, the credit card, well it is 100% false that credit card are faster. With credit card transfers including 3 banks the customer’s bank, settlement bank and the merchant’s bank. The settlement of money can take upto 3 weeks. Geesh thats slower than we thought. Secondly SWIFT, before proceeding any further let me ask you is SWIFT a payment mode? The answers is a big NO, it is just a messaging protocol where banks send a message and simply agree to make the payment with mutual consent that the amount would be transferred lets say by the end of the month. Third is Western Union, well it is a bank in itself so it simply removes one of these middlemen and saves some time, but not much time to make it faster than the bitcoin.