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>1. Do a domestic wire to your broker's office in the originating economic zone. >2. Wait for them to call you and confirm the exchange rate. > 3. Receive a d

>1. Do a domestic wire to your broker's office in the originating economic zone. >2. Wait for them to call you and confirm the exchange rate. > 3. Receive a domestic wire from the broker's office in the destination economic zone. > You often need to show the invoices/contracts showing the origin of the funds and the purpose of the transfer, but if you are running a legitimate business that pays taxes, you will need those for accounting reasons anyway When my father used to do research in the 60/70s the way they got a paper was to write a (paper) letter to an author asking him for a copy, put it in the mail, wait for a couple of weeks, and then get an answer from the author with the paper. It was simple, easy and straightforward. Fast forward 50 years, we have access to millions of articles at our fingertips in a second with the likes of scholar.google.com.

TheDong 7y ago
Just because something is faster and more convenient doesn't mean it succeeds. Here, I can do it too: 50 years ago, I'd make fresh-squeezed juice by hand over the course of about 2 hours. Fast forward to a couple years ago, and juicero let me create fresh juice in under 5 minutes with no effort. Yet, somehow, juicero no longer exists and had very few users. Or again, 50 years ago I'd wire money to people via a bank transfer which would take multiple days, and back in 2012 I could use liberty reserve to do the same thing instantly. And yet, somehow, liberty reserve no longer exists and had almost no users. Comparisons that are as glancingly related as "more convenient" or "are new technology" are absolutely worthless.
- arcticbull 7y ago
  Uh liberty reserve no longer exists because it was set up as a way to launder money and evade regulations. It had plenty of users doing exactly that which is why it was shut down mercilessly by federal prosecutors under the Patriot Act. Their CTO is due out of prison this year and their CEO is in the slammer until 2036 give it take. I’d suggest perusing the Wikipedia page. If you did use it you’re probably on a very sad list right now. Juicero no longer exists because people realized they didn’t need the insanely expensive subscription juicer machine and could squeeze the juice bags with their hands to obtain the juice. Hilarity ensued. Further details are available on their Wikipedia article, too. I’d caution you not to read into these two data points.

TheDong 7y ago

Just because something is faster and more convenient doesn't mean it succeeds. Here, I can do it too: 50 years ago, I'd make fresh-squeezed juice by hand over the course of about 2 hours. Fast forward to a couple years ago, and juicero let me create fresh juice in under 5 minutes with no effort. Yet, somehow, juicero no longer exists and had very few users. Or again, 50 years ago I'd wire money to people via a bank transfer which would take multiple days, and back in 2012 I could use liberty reserve to do the same thing instantly. And yet, somehow, liberty reserve no longer exists and had almost no users. Comparisons that are as glancingly related as "more convenient" or "are new technology" are absolutely worthless.

arcticbull 7y ago
Uh liberty reserve no longer exists because it was set up as a way to launder money and evade regulations. It had plenty of users doing exactly that which is why it was shut down mercilessly by federal prosecutors under the Patriot Act. Their CTO is due out of prison this year and their CEO is in the slammer until 2036 give it take. I’d suggest perusing the Wikipedia page. If you did use it you’re probably on a very sad list right now. Juicero no longer exists because people realized they didn’t need the insanely expensive subscription juicer machine and could squeeze the juice bags with their hands to obtain the juice. Hilarity ensued. Further details are available on their Wikipedia article, too. I’d caution you not to read into these two data points.