Strategy Inc. (NASDAQ:MSTR) founder Michael Saylor touted on Wednesday Bitcoin’s (CRYPTO: BTC) ability to enable fast and affordable global transfers despite long-standing concerns around blockspace.
Saylor Touts Benefits Of ‘Free Market’
Saylor highlighted Bitcoin’s fee estimator on X, with a fee rate of 1 satoshi per virtual byte for instant settlements during periods of low congestion, and an average transaction fee of $0.30.
One satoshi is the smallest unit of Bitcoin, equal to 0.00000001 BTC. At the time of writing, it amounted to $0.00062.
Lightning transactions also include a variable fee component applied to the payment amount. In the given scenario, it was shown to be 0.0004% of the total amount transferred.
