So, I got paid for a job from a company in OZ.
The invoice was for NZD400 (~377.79 AUD).
I can see on the receipt that they paid an extra 18 AUD as a transfer fee.
As a result of this transfer, I received $385. I presume ANZ as taken a 15 NZD cut for their trouble.
We are now looking at about NZ$35 of fee to transfer a measly $400 across the ditch... That's 10%!
I personally find this ridiculous and have no trouble thinking that blockchain currency are a way forward to bypass the banks and their stupid fees.