| Have you transferred money across borders with good recommendations lately? Sending money across borders is historically super complex and expensive, you're right. The WorldBank estimates that it costs an average of 8% in total fees (transfer fees + exchange rate mark-up) to transfer money internationally. For international transfers with banks and cash-based money transfers, this is still true. But, in the last 10 years, we've seen hundreds of new online money transfer operators innovating in the field (way before crypto) starting with Xoom in the first wave and then TransferWise, Remitly, WorldRemit, InstaRem, Azimo and hundreds of others... Sending $300 to Mexico to any agent location to pickup cash will cost you $2 with the cheapest option: https://www.monito.com/send-money/united-states/mexico/usd/m... $1000 from Canada to a bank account in the Philippines in minutes? $6 https://www.monito.com/send-money/canada/philippines/cad/php... etc... These new innovative services are up to 10x cheapers than banks or traditional cash-based money transfers, often faster and much more convenient. |