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Re:Is Bitcoin a Scam? by tmarice on Tuesday January 19, 2021 @08:51AM (#25833379)
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.

Re:Is Bitcoin a Scam? by lxgr on Tuesday January 19, 2021 @06:17PM (#25840302)
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.

Re:Is Bitcoin a Scam? by martin_a on Tuesday January 19, 2021 @12:40PM (#25836121)
> I'll take Bitcoin over the traditional banking cartel any day.

Good luck paying your lunch with Bitcoin.