Nash Foster Quoted In Block Publisher
“Users are adopting cryptocurrencies like Bitcoin because it’s so empowering. You can send $100 of Bitcoin to your friend across the dinner table for a few cents. The same transaction costs something like $3-$5 on the Visa network. Our business uses cryptocurrency for international payments and it really shines there. I tried sending a German software engineer a corporate check and his bank manager yelled at him for half an hour and it took more than a week for the check to clear. If you want to send a wire over the Swift network, it’s $35. But, I sent $10,000 in BTC to a developer recently and the fee was $0.09. The transaction cleared in twenty minutes and I didn’t have to go through all this rigmarole with my bank to make it happen”.