Re:Temporary pause of Bitcoin withdrawals on Binance
by FabHK on Monday June 13, 2022 @03:52PM
(#31730860)
> 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.
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.