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

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

he is one reason I came to and stay in crypto 

listened to pretty much every one of his podcasts circa 2017-2019