3 ms·
Have you considered that people want to transfer money outside the country too? And that this volume is incredibly massive? And is critical to global trade? And
by spaceman_2020 4y ago
Have you considered that people want to transfer money outside the country too? And that this volume is incredibly massive? And is critical to global trade? And that it has been used as a weapon to keep non-compliant countries out of international trade?
- soco 4y agoDo you actually know people using it to transfer money outside, or it's all in the realm of imaginary possibilities? All people I know used hawala or sometimes the expensive WU/Moneygram, but that's just me.
- spaceman_2020 4y agoPersonally, I used it to accept a mid five figure payment for a website in lieu of a wire transfer. but the point remains that just because the legacy system exists doesn’t mean no alternative should ever exist.