Millions of workers around the world send money home to support their families—and every dollar matters. But sending money across borders remains shockingly expensive.
Imagine this: sending $200 to Tanzania can cost $115 in fees. That's more than half gone before the money even arrives. Turkey? $53. Senegal? $35.
This is not a glitch—it's a system that works as intended. A small number of large banks control the flow and charge whatever fees they want. It's slow, expensive, and detrimental to ordinary people.
Even so-called "low-cost" transfers, like $16 to send $200 to Switzerland or Sweden, are absurd. If you've ever used Ethereum L2 or Solana, you know what's possible—$100,000 in stablecoins can move in seconds for less than a cent.
The legacy banking system is simply not built for the future. The way forward is better, faster, cheaper technology. Banks can either resist cryptocurrencies and be left behind—or adapt and compete in a new era of global payments.
#FixCrossBorderPayments #CryptoForGood #BankingRevolution #SendMoneySmarter