Fast; it is like handing over cash to a friend; you know they have received it because you are both together. However, now they can be anywhere globally, and you get real-time confirmation—no wondering or disputes about not receiving the transfer.
Zucoin’s maximum time for a peer-to-peer transfer and confirmation is only 90 seconds, and you can have the comfort of knowing it arrived. A huge bonus, “No Transfer Fees”.
Banks currently take overnight (at best, otherwise a few days) to “settle” domestic transactions. However, existing banking infrastructure can take up to a week for International payments to validate and settle. (An exception is Australian Osko payments only within Australia and Bank controlled limits).
Bitcoin’s actual underlying settlement time is much longer (~1 hr at least: Min. 10min each new block is written, but likely longer depending on queuing and submitted transaction fee, plus between 40-60mins for enough propagation time across nodes).
ETH or ERC-20 transactions typically should only take about ~5 minutes; however, Ethereum transactions are delayed for longer unless users choose to pay a higher gas price.