Millions of workers around the world send money back home to support their families, and every dollar counts. However, sending money across borders is still shockingly expensive.
Imagine this: sending $200 to Tanzania could cost $115 in fees. More than half of that amount is spent before it even arrives. Turkey? $53. Senegal? $35.
This is not a glitch; it is the system working as designed. A handful of major banks control the flow of money and charge whatever they want. It's slow, costly, and burdens the average citizen.
Even transfers that are called "low-cost" like $16 to send $200 to Switzerland or Sweden are considered exorbitant. If you've ever used Ethereum L2 or Solana, you know that the best is possible - $100,000 of stablecoins can be transferred in seconds for less than a cent.
The traditional banking system simply is not designed for the future.
The way forward lies in better, faster, and cheaper technology. Banks can either resist cryptocurrencies and fall behind, or adapt and compete in a new era of global payments.$BTC
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