š„ Every year, millions of workers send money back home to support their familiesāwhere every dollar counts. Yet sending money across borders is still outrageously expensive.
Picture this: sending just $200 to Tanzania could cost up to $115 in fees. Thatās over half the money lost before it even gets there. To TĆ¼rkiye? $53. Senegal? $35.
This isnāt a bugāitās the system doing exactly what it was built to do. A small group of powerful banks dominate cross-border payments, charging high fees and offering slow, outdated services.
Even the so-called ālow-costā transfers arenāt much betterā$16 to send $200 to Switzerland or Sweden is still absurd.
If youāve ever used Ethereum L2s or Solana, you know thereās a better way. Moving $100,000 in stablecoins takes seconds and costs less than a cent.
The old banking system wasnāt designed for this future. Itās time for faster, cheaper, fairer global payments. Banks can either fight crypto and get left behindāor evolve and compete in a new financial era.
