3 ms·

https://www.blockchain.com/btc/tx/be59a6bb09757ef4dec9ed7841bb9e23b953c0f2465b60cf9ea7fa7f71989062 https://www.blockchain.com/btc/tx/be59a6bb09757ef4dec9ed7841.

https://www.blockchain.com/btc/tx/be59a6bb09757ef4dec9ed7841bb9e23b953c0f2465b60cf9ea7fa7f71989062 https://www.blockchain.com/btc/tx/be59a6bb09757ef4dec9ed7841... $2M transfer costs $1. From/to anywhere in the world. As a comparison, my freelance fees regularly came $13 short, and the only explanation was "interbank transfer charges". Plus the sender had to pay his own fees. And then my own bank would charge me ~$15 for accepting deposits from outside EU. I'll take Bitcoin over the traditional banking cartel any day.

martin_a 6y ago
> I'll take Bitcoin over the traditional banking cartel any day. Good luck paying your lunch with Bitcoin.
lxgr 6y ago
True, many banks charge unreasonable fees for international transactions, but that‘s fixable: There is a very competitive market for international money transmission. You‘re probably losing out much more than $13+$15 on bad exchange rates in the process too, so you should definitely shop around for options. Chances are that the same transaction on Bitcoin, including conversion fees between your client‘s currency X and BTC, and BTC and your country’s currency Y (which you definitely will need, if not for food, then at least for income tax) is more expensive.