TBC (Turing Bit Chain)
The Chronic Problems of Traditional Cross-Border Remittances
By 2026, the NYSE claims to achieve 24/7 around-the-clock trading, but ordinary people's cross-border remittances remain mired in inefficiency. Mr. Li, a cross-border e-commerce practitioner in Hangzhou, is a typical example: when he paid $50,000 to a U.S. supplier via a certain international bank wire system, the funds only arrived after three days, and the final amount was reduced to $49,780. This discrepancy of $220 was caused by layered intermediary bank fees, telecommunication charges, exchange rate losses
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