BitcoinLuffy on Nostr: I don’t believe there are any overhead costs in traditional banking system. It’s ...
I don’t believe there are any overhead costs in traditional banking system. It’s in fact much cheaper since it involves a mere ledger update and probably a message passing system. The prices are jacked up mainly because they are a monopoly and there is an opportunity to profit.
In countries like China and India, they have seamless payments Infrastructure that scales for 1+ billion ppl with no fees and no issues.
Published at
2023-04-08 21:36:18Event JSON
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"content": "I don’t believe there are any overhead costs in traditional banking system. It’s in fact much cheaper since it involves a mere ledger update and probably a message passing system. The prices are jacked up mainly because they are a monopoly and there is an opportunity to profit. \n\nIn countries like China and India, they have seamless payments Infrastructure that scales for 1+ billion ppl with no fees and no issues.",
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