Latest Articles from Cat Pencil Sharpener
Talking about cross-border remittance
Cross-border remittance is slow (1-5 business days) and expensive ($25-100 in fees)
It often fails
Because the regulatory policies differ from country to country
Some countries have a limit of $50,000
Some countries investigate anti-money laundering
Some countries deem your source of funds or purpose as improper
Additionally, encountering severe fluctuations in exchange rates may also result in transfer failures
Pain Points of Cross-Border Payments
Currently, only virtual currencies like BTC/ETH can solve this
Web2 allows information to flow freely
Web3 allows funds to flow freely
Talking about cross-border remittance
Cross-border remittance is slow (1-5 business days) and expensive ($25-100 in fees)
It often fails
Because the regulatory policies differ from country to country
Some countries have a limit of $50,000
Some countries investigate anti-money laundering
Some countries deem your source of funds or purpose as improper
Additionally, encountering severe fluctuations in exchange rates may also result in transfer failures
Pain Points of Cross-Border Payments
Currently, only virtual currencies like BTC/ETH can solve this
Web2 allows information to flow freely
Web3 allows funds to flow freely