At the APAC summit, one of the subjects being discussed is the way in which the banks' huge international transfer fees can be reduced. There are many people who work in one country and repatriate some of their earnings to family in other countries. It is billions of dollars, and fees can swallow up to 20% of the amount being transferred.
Today in a separate news item, the same subject is mentioned with particular emphasis on India.
The banks' greed may be the catalyst that eventually tips bitcoin to become the way to transfer money internationally.
Apparently transferring money has become more difficult (ie. expensive) lately with restrictions being put on for security reasons. All that has to happen is for the bitcoin story to be 'sold'.
DCC Price at posting:
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