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TransferWise is the tech incarnation of it. I bet they don’t operate in Venezuela due to US trade sanctions.

• toomuchtodo 6y ago
  The TransferWise model is the future of global banking imho (disclosure: I work in the financial infra space). One user account, the ability to hold a variety of currencies simultaneously, and banking info for each currency to plug into financial rails for said currency (routing/acct in US, IBAN in the EU, etc). Turns out money is just rows in a database and ISO 20022 messages, queued and processed.
  • marcus_holmes 6y ago
    I had enormous problems trying to do anything with Transferwise from Cambodia. It's still plagued with problems left over from the conventional banking system.
    • dehrmann 6y ago
      This loops back to one of the few things cryptocurrencies do well: they're extrajudicial, so they're often used for illegal transactions (drugs, ransom, bypassing sanctions). Bitcoin just happens to be really bad for this since the blockchain is forever.