Western Union charges $15 to send $200 to Mexico. That same transaction using peer-to-peer networks costs 37 cents. When Maria in Los Angeles wants to send money to her mother in Guadalajara, traditional banks force her through a gauntlet of intermediaries, each taking their cut. First her bank, then a correspondent bank, then Western Union, then a local exchange partner. Four entities, four fees, plus a 48-hour delay while they shuffle paperwork and verify what computers already know. Direct peer-to-peer transactions eliminate this entire chain. No permission slips to headquarters in New York. No waiting for business hours in three time zones. The money moves directly from Maria's wallet to her mother's, verified by thousands of computers worldwide in minutes, not days. She keeps $14.63 of her hard-earned money instead of feeding it to financial middlemen. In 2019, migrants sent $554 billion in remittances globally, paying an average of 6.8 percent in fees. That's $37.7 billion in pure friction costs. Meanwhile, direct peer-to-peer networks processed $3.2 trillion in transactions at a fraction of that cost, proving that permission-free money transfer isn't just possible, it's already happening at massive scale. The banking system built its moat on being the only game in town. But when anyone with internet access can send value directly to anyone else on the planet, that moat becomes a relic of artificial scarcity.