đ„Millions of workers around the world send money home to support their familiesâand every dollar matters. But sending money across borders remains shockingly expensive.
Imagine this: sending $200 to Tanzania can cost $115 in fees. Thatâs more than half gone before it even arrives. TĂŒrkiye? $53. Senegal? $35.
This isn't a glitchâit's the system working as designed. A handful of big banks control the flow and charge whatever they want. It's slow, expensive, and stacked against everyday people.
Even so-called "low-cost" transfers like $16 to send $200 to Switzerland or Sweden are outrageous. If youâve ever used an Ethereum L2 or Solana, you know better is possibleâ$100,000 in stablecoins can move in seconds for less than a cent.
The legacy banking system simply isnât built for the future. The path forward is with better, faster, cheaper technology. Banks can either resist crypto and fall behindâor adapt and compete in a new era of global payments.
#FixCrossBorderPayments #CryptoForGood #BankingRevolution #SendMoneySmarter