A Mother in Lagos Sends $10. JPMorgan Sends $10M. Guess Who Pays More in Fees?
• Stablecoin, FinTech, Payments
In the global payment system, small senders pay the highest percentage in fees. A mother in Lagos loses 8% sending $10 for school lunch, while a bank wiring $10 million pays less than 0.1%. Stablecoins may finally level the playing field.