> It seems like the majority of the cost savings is due to skipping outsourcing and a company that pays local taxes and insurance. None of the cost savings are

> It seems like the majority of the cost savings is due to skipping outsourcing and a company that pays local taxes and insurance. None of the cost savings are related to local taxes and insurance since they still need to pay for these things. ~15% is what's charged collectively by the outsourcing company, their bank, and their local partner. I agree that they provide a valuable service, but it's not clear to me that the service is worth 15% of the otherwise-gross cost of employing someone. One thing they could do to convince me it is worth more would be to transmit the funds promptly to the recipient. > The only times I've transferred dollars -> crypto -> transfer -> crypto -> foreign currency the costs were much higher than 3%, not to mention there was far more risk because you couldn't reverse the transactions if you fat fingers an amount or a recipient. Some centralized crypto exchanges currently have pretty competitive forex rates. You'd basically have to go to IBKR to do better.