The 'Internet of Value' as a Cost Collapse

Sending a million dollars across a border still costs $30,000, a price unchanged since 1995, while data transfer costs have plummeted to near zero. Host Ceres Quinn explains this exorbitant fee isn't for movement, but for a chain of up to five correspondent banks each taking a slice for 'noting' ledger updates. This episode argues that on-chain value, much like Voice-over-IP for phone calls, will collapse these coordination costs, making cross-border value transfer as cheap as sending data. Key Highlights: • The cost of sending a million dollars across borders remains $30,000, a figure unchanged since 1995, unlike the near-zero cost of data transfer. • Cross-border money transfers involve a chain of up to five banks "noting" ledger updates, each taking a fee for permission rather than actual movement. • The podcast draws an analogy between the current financial system and pre-VoIP long-distance calls, where middlemen charged for "distance" that didn't physically exist. • On-chain value is poised to eliminate the "trusted middleman" role, transforming money transfer into "value over IP" and collapsing coordination costs. Topics: Crypto RWA Brief, Ceres Quinn, cross-border payments, correspondent banking, financial fees, value over IP, digital assets, blockchain, payment systems, institutional finance, financial innovation, data transfer costs --- Follow Ceres Quinn on Instagram: @ceresquinn Newsletter: https://cryptorwabrief.beehiiv.com