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2026-06-24 13:02:27 UTC

waxwing on Nostr: Cost for a SWIFT transaction between 2 LatAm countries: $45 on sending side plus $20 ...

Cost for a SWIFT transaction between 2 LatAm countries: $45 on sending side plus $20 on receiving side [1]. No matter how small the transaction. You also have to fill out forms on both sides and submit supporting documentation, on both sides.

But remember guys, bitcoin has no use case and is slow and expensive!

[1] (Before you say it, yeah i know that a more normal cost is like $30 or less for SWIFT and ~$0 for some other types of bank transfer. But plenty of the world is not 'normal' in the way you're accustomed to, and plenty of governments and bureaucracy is tied to these abysmally inefficient banking rails).