3 ms·
I understand that. But why are the fixed costs of moving any amount of mo way so high? It would be great to a detailed walk through of all of the mechanics th
by iovrthoughtthis 9y ago
I understand that.
But why are the fixed costs of moving any amount of mo way so high?
It would be great to a detailed walk through of all of the mechanics the varying systems of exchange use.
- UpgradeCarton 9y agoWell, the fixed costs could probably be reduced, but there currently isn't an incentive for the bank to pass that reduction on to you, the customer.
- imhoguy 9y agoCompliance, integrations, archiving, reliability, staff, electricity, dividends -- banks and intermediaries are for-profit businesses. Somobody needs to pay for that. Crypto transfer costs too -- miners do bankers job.
- iovrthoughtthis 8y agoI want to understand deeper though. I get how their businesses work at a high level. But why is all of that required to facilitate a transaction?