A bitcoin owner has transferred $194m for a fee of $0.1 despite claims by cryptocurrency critic Nouriel Roubini that a bitcoin transaction would cost $60. The exchange rate is based on the price at which one bitcoin, or BTCs, was worth about US$0.10 in late January. Existing fund transfer firms that avoid hidden bank charges, for example Transferwise, charges $7.500 for a $1m transaction, less than 1%, said the analysts.
A bitcoin owner has transferred $194m for a fee of $0.1 despite claims by cryptocurrency critic Nouriel Roubini that a bitcoin transaction would cost $60. Industry commentators said the low-fee blockchain deal proved crypto’s potential for cross-border payments. Existing fund transfer firms that avoid hidden bank charges, for example Transferwise, charges $7.500 for a $1m transaction, less than 1%, said the analysts.