Bank of America Charges Clients 6000 Times More in Fees Than Bitcoin

Bank of America

While Bitcoin critics claim the cryptocurrency is too expensive to use for transactions, data from Bank of America (BoA) shows traditional fiat transfers cost 6000 times as much. BoA, along with other domestic US institutions, makes use of the Federal Reserve’s money transfer network FedWire, which charges them a maximum of 83 cents to process […]


SanFair Newsletter

The latest on what’s moving world – delivered straight to your inbox