WeFi Channel: post #211 — TG.ME

🌎 Every cross-border transaction can cost up to 13%.

For many people around the world, sending money abroad is expensive. And the culprit is remittance fees.

They are comprised of three parts:

• Upfront transfer fees
• Hidden exchange rate markups
• Intermediary and receiving bank fees

So in the end, your $200 sent actually ends up being less.

WeFi Onchain Financial Infrastructure changes everything.
💥

Transactions are sent via the blockchain rather than a traditional bank, with local currencies backed 1:1 by Stablecoins. Block removes multiple intermediaries, making transfers faster, more transparent, and significantly more cost-efficient.

Your money arrives faster, cheaper and in full.

That is WeFi.
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May 8, 2024 30.8K 12