A asset owner has transferred $ 194 m for a fee of $ 0.1 despite claims by cryptocurrency critic Nouriel Roubini that a cash transaction would cost $ 60 . Industry analysts believe the low - fee blockchain deal increases crypto ’s potential for cross - border payments . hedge fund transfer firms that avoid hidden bank charges , for example Transferwise , charges $ 7.500 for a $ 1 m transaction , less than 1 % , said the economist .
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.