Agreed. Some people are super careful, like myself, when transferring money between personal (normal bank) accounts I always test with a small amount. Even if the bigger amount is like $200. And that's after triple checking the account number before clicking transfer. I can't imagine what I'd be doing with these exotic crypto accounts and smart contracts.
When I do money transfers on bank accounts, I read the 10 digits 4-5 times. If the person that I'm transfering to is in the room, I ask them to read aloud their account number as I follow.
The fact that you have to get 10 digits right and that a typo can result in sending the money off somewhere unknown, disturbs me a lot. It's amazing how cryptocurrencies mimicked that part about existing digital money to perfection.
Give me a QR code, or wire my wallet up with an address book.
That only proves that banks in your part of the world are way behind the state of the art. The one thing it doesn't prove -- I hope you didn't think it does? -- is that Crypto/Blockchain is necessary for international currency transfers (as some deluded poster here tried to argue a week or two ago).
In Canada we use email for person-to-person money transfers. I transfer money to my contacts by email address. They then get an email which informs them they have a pending transfer, and allows them to deposit it into their bank account.
You can optionally register your email with the central system for autodeposit.
