> Given many banks will transfer money without any fee within that bank What about in between banks?
> Given many banks will transfer money without any fee within that bank What about in between banks? My bank still offers this for free, but I know that that's not the case for everyone. If you want to receive money for anything on the internet or pay for services on the internet, that means international transfers becomes the most common use-case because there is no way to guarantee that the sender and recipient resides in the same country. I'm constantly amazed by the amount of people who completely disregard this scenario as something "esoteric" and which doesn't need to be addressed. This is the core requirement* for a universal payment-solution in a internet-enabled world. Quite frankly, just talking about "banks" and in-bank transfers makes you look like something out of the 1920s. My bank will do international transfers, but at a considerable fee. This is where even "evil" actors like PayPal completely trump banks and this is why PayPal and its likes are very popular, at least on the internet. Bitcoin gives you all the internet-based benefits of PayPal (low cost) with none of its evil. I don't think calling it low cost is misleading or false advertising at all.
Posted by josteink on Jul 24, 2015, 6:40 AM
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Raise real-world problems, find people facing the same issue, and discuss solutions.5,000 issues0 comments
pricing (FinTech)
While I hate that it's like this, you're leaving money on the table.
The biggest problem with micropayments is how credit card payment processors work.
I think with the advent of cheap Chinese electric cars (new BYD for 7-9k€ in China) VW will die a slow death, slowed down by tariffs, tax...
The German bank I have an account with solves this by making the statements available online and considering them delivered if the statem...
Feature Request: India-Specific Pricing Plans (INR) for Claude & Claude Code
Think about cabinet from 1972 for one electricity meter.
You're right, but until the laws change we should be telling everyone how and make these tools better.
I worked in this industry as a software developer.
> Given many banks will transfer money without any fee within that bank What about in between banks?
> Given many banks will transfer money without any fee within that bank What about in between banks? My bank still offers this for free, but I know that that's not the case for everyone. If you want to receive money for anything on the internet or pay for services on the internet, that means international transfers becomes the most common use-case because there is no way to guarantee that the sender and recipient resides in the same country. I'm constantly amazed by the amount of people who completely disregard this scenario as something "esoteric" and which doesn't need to be addressed. This is the core requirement* for a universal payment-solution in a internet-enabled world. Quite frankly, just talking about "banks" and in-bank transfers makes you look like something out of the 1920s. My bank will do international transfers, but at a considerable fee. This is where even "evil" actors like PayPal completely trump banks and this is why PayPal and its likes are very popular, at least on the internet. Bitcoin gives you all the internet-based benefits of PayPal (low cost) with none of its evil. I don't think calling it low cost is misleading or false advertising at all.
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