2 ms·
> I have recently paid $40 for a $240 SWIFT transaction That is way more than it should be, but could easily be solved with traditional methods (banks & fintec
by FabHK 4y ago
> I have recently paid $40 for a $240 SWIFT transaction
That is way more than it should be, but could easily be solved with traditional methods (banks & fintech) with some competition and sensible regulation (like SEPA transfers in Europe being basically free).
I recently had to pay nearly 100$ for accidentally data roaming a few MB abroad, but the conclusion is not that the internet and 5G is fundamentally flawed and need to be replaced by web3.
> Crypto is fulfilling a real need felt by many people all around the globe
Yes, the need to circumvent regulations regarding money transfers.