I have a funny feeling Transferwise is actually just subsidizing out of investor money rather than meaningfully decreasing costs via P2P.
@daveoflynn I'll buy the second, but you can't meaningfully net in most remittance corridors -- not enough PA->US or IN->US transfers.
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@patio11 They offer 17-18 two-way currencies (Europe or 1st world) and 9-10 that could be primarily remittance currencies.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 For the two-way currencies, they are competing with banks, but can net at least some flow in both directions.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 For the remittance currencies they're often competing with Western Union and other specialists.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 Retail banks offer horrendous rates, but they're nothing compared to the ursury of remittance specialists.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 You could win just on taking a less insane spread for those ccys. Sorry - that was longwinded.Thanks. Twitter will use this to make your timeline better. UndoUndo
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