It doesn’t include the (up to 6%) fee added for currency conversion.
Fortunately, there is another option.
Anyone w/ a cell phone can download a FREE #Bitcoin wallet & gain unlimited access to a global monetary network capable of connecting them w/ their family over seas in minutes.
The cost to send a #BTC transaction is completely independent from the amount of money sent.
⬇️ Here, you can see 2 real payments that were sent 1 min apart at 8:04 & 8:05
It cost $0.54 to send $49
& cost $0.44 to send $700,000
The fee for a #BTC transaction increases w/ network congestion.
Since there’s a ceiling on the total # of transactions that can be processed within a given time, during high traffic times sending #Bitcoin on the network costs more.
If you are sending $700k overseas, you might not care if you pay $0.50 or $20.50.
So, for settling large transactions directly peer-to-peer securely in minutes #Bitcoin is ideal.
🤔 But, what if you’re only sending a small amount & a $20 transaction fee is too expensive?
There is a 2nd #Bitcoin network that is specifically designed for smaller transactions.