My banks charge zero monthly fees, zero deposit fees, and zero cash out fees too. They offer interest 1% APY.
Bitcoin, whenever I made transfer, I need to pay mining fees.
It's not about my intention to grow my money in banks, but I want to show if banks are better in terms of daily transactions.
Bitcoin won in the long run, but it's costly if I use for daily transactions.
How about cross border transaction? I mean wire transfer. Bitcoin is cheaper if it is wire transfer.
If you want to have cheaper fee, you can use bitcoin lightning network instead. Or you can go for the liquid network or the altcoin pegged with bitcoin price but which I can not recommend.
Yeah the wire transfer analogy makes more sense for on-chain bitcoin.
I use Lightning on Nostr pretty frequently and its awesome, you can send a few sats to people all over the world, and it works just fine 95%+ of the time.
IMO this is the killer use case for bitcoin, micropayments, tipping etc ... could call it "social sats".