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by JumpCrisscross
3064 days ago
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> the cost of an actual on-chain transaction drops to a few tens of cents "In 2014, the volume-based transaction fees [for Fedwires] range from 2.8 cents to 69 cents per transfer" [1]. They charge an extra 15¢ if the quantity is over $10 million and another 36¢ if over $100 million. These transactions settle instantly and almost every bank gives consumers access to them (albeit with varying surcharges). [1] https://www.federalreserve.gov/paymentsystems/fedfunds_corep... |
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