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0.1% per day? Are you sure? That's a 3.5% fee per year! That's astonishingly high for any sort of custodian's fee.
by tome 9y ago
0.1% per day? Are you sure? That's a 3.5% fee per year! That's astonishingly high for any sort of custodian's fee.
- RoboTeddy 9y agooh it's 0.1% of new payments per day. if you wanna compare it to all stored value instead (about $100bn), then the "electricity safety fee" comes out to ~0.001% per day. (these comparisons are just meant to help put the electricity costs roughly in scale against the benefits they help provide)
- tome 9y agoAh yes, thanks, I misread. So it's 0.35% per year so still quite a lot. [My initial calculation was wrong. It would have been 35% per year, which would have been more obviously incorrect!]