This is why we need bitcoin. I am soo sick of these central bank mafia scum controlling our finances.!!!
I just did a international wire transfer and the banks cuased me to loose $700 because of how the make a huge 3% margin with the conversion of the money from one country currency to another.Imagine those bankers sitting there in their Jacuzzis relaxing while their computers move money getting $700 or much more from all the people who send money.
D@mn mafia!!
What would you do with $700 for free??
These banks are building the own destruction by robbing people like that.It is very arrogant they should be in jail for theft and fraud.
This is why we need bitcoin!! If I used the ightning network I could have done the transaction for some pennies!
Unfortunately this is why Bitcoin isn't taking off in Australia.
We have instant (several seconds) transfer between banks in Australia which is also free.
International transfer to the UK (our most popular destination with existing family.) is about $20.
It's amazing I think Australia's banking system is the most advanced in the world.
But the downside is no one here really cares about Bitcoin, as there is very little point to owning it in Australia.