How to Send $1,000,000 For a $3 Fee (The Power of Bitcoin)

Is it really possible to send $1000000 for a $3 fee? With the power of Bitcoin, it is. In this interview, blockchain expert Justin Renken explains how cryptocurrencies can drastically lower transaction fees for businesses, especially for international payments like remittances. Because the network has no borders and the fees are not percentage-based, it's possible to send huge sums of money for a fraction of the cost of the traditional banking system. This conversation is a perfect introduction to blockchain for entrepreneurs. Justin breaks down what blockchain is in simple terms , the pros and cons for your business , the difference between Bitcoin and Ethereum , and other fascinating use cases like crypto debit cards and NFTs. Check out the company: https://ark.ioBook a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory👀 CONNECT WITH SEANSubscribe: https://www.youtube.com/@seanweisbrotLinkedIn: https://linkedin.com/in/seanweisbrotInquiries: [email protected]🕒 CHAPTERS00:00 - How to Send $1,000,000 For a $3 Fee02:26 - What is Blockchain? (Explained Like You're Five) 06:56 - Pro #1: The Power of Low Transaction Fees 08:41 - Pro #2: Reaching Millions of Unbanked Customers 17:39 - Con #1: "Your Coins Are Lost Forever" - The Biggest Risk 21:15 - Con #2: The Terrible User Experience 30:24 - Bitcoin vs. Ethereum: What's the Difference? 36:39 - Other Uses: Crypto Debit Cards, Lending & NFTs📈 WORK WITH ME▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate▶ My AI/Automation Agency: https://optimai.aiLeave a Review (it truly helps us grow): https://welivetobuild.com/review Hosted on Acast. See acast.com/privacy for more information.