costs <1¢ to send $1M anywhere in the world on @base

costs <1¢ to send $1M anywhere in the world on @base.base.eth

great thread from @sytaylor on how much it actually costs to move money globally in the legacy system

When payments people tell you we have 'instant' cross-border, they're lying.

What we have: $25M pre-funded in foreign banks so transfers LOOK instant.

Stablecoins will eliminate pre-funding entirely. 

Here's the phase transition most are missing 🧵

Simon Taylor

Fintech Nerd. Author of www.fintechbrainfood.com

great thread from @sytaylor on how much it actually costs to move money globally in the legacy system

https://x.com/sytaylor/status/1934939109186801837

It’s as if base is a really good idea and people should be building on it 🙃 Bx

@jesse.base.eth you can send me a million dollars just to test if the whole thing costs <1¢ on @base.base.eth 😎🧢

The fastest and cheapest! @base.base.eth 💙