Why Does It Still Cost So Much to Send Money Home?
Every year, workers across the globe send billions of dollars back home to support their families. These remittances are often lifelines — paying for food, school, rent, and medicine. But sending money across borders is still outrageously expensive.
💸 Imagine working 12-hour days and then losing 30–50% of your money just to get it to your loved ones. It's not just unfair. It's robbery.
📊 The latest data is hard to swallow. Sending $200 to countries like Tanzania can cost $115 in fees. That's more than half the amount gone before it even arrives. Türkiye? $53. Senegal? $35. This isn’t some glitch. It’s how the old financial system is designed — slow, monopolized, and predatory.
💼 A handful of banks and remittance companies control the rails. They decide the fees, the delays, the exchange rates. And because there's no real competition, there's no real incentive to change. This is what happens when legacy institutions prioritize profits over people.
Even “cheaper” options aren't cheap. $16 to send $200 to a country with a modern banking infrastructure? That’s not innovation — it’s a racket.
😤 Now compare that to what we already know is possible. Try sending $100,000 over Solana or an Ethereum L2. You’ll pay less than a penny. And it’ll arrive in seconds. Not days. No hidden fees. No middlemen.
The truth is simple: the traditional banking system can’t compete. And it knows it.
Crypto isn’t just a better option — it’s a necessary one. The real fight is already happening behind the scenes. Big banks are either going to resist crypto until they’re irrelevant, or they’ll adapt and integrate the tech that’s already changing everything.
The future of money is borderless, fast, and nearly free. The only question left is: how long are we going to let the old system bleed us dry?
