How a wire transfer stuck in OFAC almost cost me $140K

“My wire transfer for $600,000 got stuck for more than a week in two banks and I almost lost my $140,000 deposit on a house as a result.  If the funds transfer had been done with bitcoin, I would have had the funds there within an hour of sending them, and nobody could have stopped it. The escrow part could also have been done with bitcoin. One this becomes the norm, bitcoin is going to revolutionize the process of closing a house purchase, making it safer, cheaper, and faster for everyone.  Here is the OFAC SDN list. If your first and last names match any of the names in this list, don’t do any large wire transfers!”

http://www.reddit.com/r/Bitcoin/comments/1rabx7/how_a_wire_transfer_stuck_in_ofac_almost_cost_me/

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