Hello,
Of course Bitcoin and cryptos could threathen the classic bank system and off shore transfer. This is the goal of crypto, propose to everybody to have access to decentralized assets, accepted everywere and that could be transfer in a very fast time for a very few fees !
That's why blanks want to fight against crypto while do lobying to governments and do bad advertising to public and also block transaction towards exhanges.
Topic: $194 million dollar worth of Bitcoins is moved with a $0.1 transaction fee - page 2. (Read 286 times)
October 17, 2018, 08:43:49 AM
October 17, 2018, 08:38:49 AM
$0.10 is one of the higher fees that i have paid, i usually pay a lot less and somewhere around $0.02 for transactions.
but also it is worth mentioning that the lower fee that you pay is only one of the reasons why bitcoin is a good currency. the main (and more important) reasons are the decentralization and the fact that bitcoin is censorship resistant and boarderless. otherwise if it was just fees then there are altcoins with always 0 fees!
but also it is worth mentioning that the lower fee that you pay is only one of the reasons why bitcoin is a good currency. the main (and more important) reasons are the decentralization and the fact that bitcoin is censorship resistant and boarderless. otherwise if it was just fees then there are altcoins with always 0 fees!
October 17, 2018, 08:37:24 AM
Quote
Does this mean crypto has the ability to crack offshore banking market?
So why do you think may be the reason for Banks pushing governments not to adopt cryptos?? Bitcoin definitely possess the capability to disrupt the international funds transfer market, not just in cost perspective but also in timing.
The average timing for an internation swift transfer is 2 days. The money usually becomes available on the third day for the end user to use. For Bitcoin, it is just few minutes!!
That's why banking cartel always de-motivate people for not using cryptos. My bank in India even sends an weekly mailer to all consumers to spread negativity about cryptos.
October 17, 2018, 08:22:20 AM
when it comes to banking institutions, transferring large amounts of money comes with a hefty transaction fee.
TransferWise a UK based multi-billion dollar firm that allows its users
to send small to large payments with substantially lower fees. Even on
such platforms to transfer $1 million it costs around $7,500 for transaction
fee.
However, a bitcoin user on October 16 moved 29,999 BTC worth $194 million with
a surprisingly low fee of just $0.1. Blockchain has the ability to large payments at a cost
similar to that of a small transaction.
Does this mean crypto has the ability to crack offshore banking market?
https://www.ccn.com/194-million-was-moved-using-bitcoin-with-0-1-fee-true-potential-of-crypto/
TransferWise a UK based multi-billion dollar firm that allows its users
to send small to large payments with substantially lower fees. Even on
such platforms to transfer $1 million it costs around $7,500 for transaction
fee.
However, a bitcoin user on October 16 moved 29,999 BTC worth $194 million with
a surprisingly low fee of just $0.1. Blockchain has the ability to large payments at a cost
similar to that of a small transaction.
Does this mean crypto has the ability to crack offshore banking market?
https://www.ccn.com/194-million-was-moved-using-bitcoin-with-0-1-fee-true-potential-of-crypto/
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