What is the global payment fee?
Can you clarify what you mean by "global payment fee"? Are you referring to the fee associated with making international payments using traditional financial systems, or are you inquiring about the fees charged by cryptocurrency networks for global transactions? If it's the latter, it's important to note that cryptocurrency fees can vary widely depending on the network, the current congestion levels, and the specific transaction details. However, in general, cryptocurrency transactions are often seen as a more cost-effective alternative to traditional international payments due to their lower fees and faster transaction speeds.
What is an example of a global payment?
Could you provide an instance of a global payment system that is commonly used today? I'm curious to understand how such a system operates on an international scale, facilitating transactions between individuals and businesses across different countries. Perhaps you could elaborate on the technology behind it, the security measures in place, and how it has impacted the global economy.