#CryptoFees101 Millions of people around the world rely on sending money back home to support their loved ones. But what many don’t realize is how much of that money is consumed by fees along the way.

💸 The reality is frustrating. Imagine sending $200 to your family in Tanzania, only for $115 of it to be lost just in fees. That’s more than half—gone before it even arrives. And it’s not just Tanzania. Turkey takes $53, while Senegal takes $35. These are not flaws—they are features of an outdated system that benefits a select few.

💼 Traditional banks and remittance providers dominate these payment pathways, and with little competition, they set high fees without accountability. The result? A slow, expensive, and broken system that harms the people who need support the most.

Even "cheaper" transfers are a bad deal. Sending $200 to Switzerland or Sweden can still cost $16. That’s unacceptable when we know that better solutions exist. If you’ve ever used a blockchain like Solana or an Ethereum L2, you’ve seen this firsthand—transferring stablecoins worth thousands costs mere fractions of a cent and settles in seconds.

🧠 It’s clear that the legacy financial system was not built for global inclusion. The future lies in blockchain-based payment solutions—faster, cheaper, and more transparent. Banks can resist this inevitable change and risk losing relevance, or they can adapt by embracing crypto and the technology behind it 🔗

#BinanceAlphaAlert #SouthKoreaCryptoPolicy #BigTechStablecoin #TrumpVsMusk