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A comment on Brazil's government-run payments system has become dominant. Parent comment

Re:Brazil's government-run payments system has become dominant by WinstonSmith84 on Wednesday April 09, 2025 @04:07AM (#43629914)
> I just did a $25,000 wire internationally with a currency exchange in the middle and it cost $75. It went through in one business day.

This is exactly what I'm talking about and I'm not certain whether you're sarcastic .. Paying $75 on a 25k amount with a transaction time of 24 hours to complete is absolutely insane. You'd have used USDT or USDC or any other stable coin, you would have paid <$1 of fee and got the transaction done in seconds.

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Re:Brazil's government-run payments system has become dominant by carlhjerpe on Wednesday April 09, 2025 @07:21AM (#43630936)
How about the exchange rate padding when you go from crypto to useful currency and back?
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Re:Brazil's government-run payments system has become dominant by WinstonSmith84 on Wednesday April 09, 2025 @07:52AM (#43631103)
it's a 1:1 when you convert a stable to USD - some exchanges might take a small fee like 0.01% or so ... On Coinbase it's a 1:1 https://www.coinbase.com/en-de/converter/usdc/usd
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