Bitcoin is 300 Times Cheaper Than Wire Transfers, Banks Take 83% Profit
18 September 2018 - 11:00PM
NEWSBTC
Since 2017, so-called “experts” in the finance sector have
criticized Bitcoin for being too expensive. Yet, banks are
pocketing 83 percent profit on every wire transfer. According to
Bank of America’s official data, the $302 billion bank charges $30
for outbound domestic wire transfer and $35 for outbound
international wire sent in foreign currency. But,...
The post
Bitcoin is 300 Times Cheaper Than Wire Transfers, Banks Take 83%
Profit appeared first on NewsBTC.
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