Banks 🏦 can not compete with #bitcoin at all.
February 23, 2024, at 16:05:43, the largest #Bitcoin transaction in history was executed. The transaction involved the transfer of 26,139.38974287 BTC, valued at approximately $1.347 billion at the time of the transaction.
The commission for this trade was notably low, at 4.0K Sats (Satoshis), equivalent to $2.06, which goes to show how efficient and cost-effective large-scale transactions within the #Bitcoin network have become.
https://financefeeds.com/bitcoin-breaks-all-records-with-a-massive-1-347-billion-transaction/
$2.06 in processing fees for a $1.347B transaction is incredible.
